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What is it called when a business sells goods for less than they were worth in an effort to drive competitors out of business?
Wiki User
∙ 6y ago
It is called appreciation the recognition and enjoyment of the good qualities of someone or something.
Wiki User
∙ 6y ago
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Is Using market power to drive competitors out of business is illegal?
no
What are the roles of competitors in business?
Competitors fill a need for business owners by keeping them on the cutting edge. Without competitors, a business would have no reason to keep prices in check. It would create a monopoly which is never good in any society. When two competitors compete for business, the market (customers) are the ones who decide who they will patronize with their dollars. Prices are usually the first element people choose when deciding which business or product to go with. Competitors drive innovation and keep new ideas and procedures moving forward. Imagine if McDonald's were the only fast food hamburger restaurant in the world. There would never be a Burger King to compete. All food would taste bland and boring. "Everyone is always looking to build a better mousetrap"
What is a description of a franchise?
A franchise business is a business in which the owners sell the rights to their business logo. It is hard to drive more than a few blocks in most towns without seeing a franchise business. Examples of well-known franchise business models include McDonalds, Subway, UPS, and H & R Block. In the United States, there are franchise business opportunities available across a wide variety of industries.
How do you plan a small business?
Planning a small business starts with an idea, a new product or service. Before you take the risk, you need to make a careful research, check out your target market, and know your competition. Still, your vision and passion will drive you into creating that business of your dreams.
What hard drive destruction services are offered by the Business Records Management company on their homepage?
Business Records Management now offers AAA NAID Certified On-Site and Off-Site Destruction of Hard Drives. One can find contact information and get a free quote online at their website, Business Records.
Is Using market power to drive competitors out of business is illegal?
no
How do trusts eliminate the competition?
Trusts cut prices to drive competitors out of business.
What method did Rockefeller use to build his oil empire?
He bought out the competition , and he lowered his prices to drive competitors out of business .
What did the government claim Microsoft did to illegally extend it control over the market?
It had used predatory pricing to drive competitors out of business
What did the government claim Microsoft to illegally extend its control over the market?
It had used predatory pricing to drive competitors out of business
What did the government claim Microsoft did to illegally extend its control over the market?
It had used predatory pricing to drive competitors out of business
Spanish effort to drive out muslims?
it was called reconquista.
What is perdatory pricing?
Predatory means "in the manner of a predator." Predatory pricing is designed to drive competitors out of business by pricing so low that the competition can't compete.
What was the centuries-long effort by Christians to drive the Muslims out of Spain?
It is called "La Reconquista", the "Reconquest".
What are the roles of competitors in business?
Competitors fill a need for business owners by keeping them on the cutting edge. Without competitors, a business would have no reason to keep prices in check. It would create a monopoly which is never good in any society. When two competitors compete for business, the market (customers) are the ones who decide who they will patronize with their dollars. Prices are usually the first element people choose when deciding which business or product to go with. Competitors drive innovation and keep new ideas and procedures moving forward. Imagine if McDonald's were the only fast food hamburger restaurant in the world. There would never be a Burger King to compete. All food would taste bland and boring. "Everyone is always looking to build a better mousetrap"
What is a selling product below cost to drive competitors out of the market?
This dick
What is a petition drive?
An effort to get people to sign a petition.
