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Ksenya-84 [330]
2 years ago
14

Why is it important for the business owner to understand the market they are selling to?

Business
1 answer:
Aleks04 [339]2 years ago
3 0

Answer:

So they can advertise to the correct demographic

Explanation:

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The correct answer is letter "B": predatory pricing.

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Predatory pricing refers to companies setting prices below the average level in an attempt to wipe out competition. In the beginning, consumers may benefit from the low prices but after the competition has disappeared, the predatory company raises the prices, but, in this scenario, consumers do not have substitutes from where to choose. The predatory company became a monopoly.

Predatory pricing practices are forbidden by the Federal Trade Commission (FTC) in the U.S.

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Explanation:

Hope it helps you

Mark my answer as brainlist

have a nice day :)

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Which education level has the highest return on investment (ROI)
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