What is Predatory Pricing?
1.
The practice of selling a product at a very low price with the sole intention of driving competitors out of business only to jack the price way up after you eliminate the competition.
Wal-Mart is well known for using predatory pricing.
See
Random Words:
1.
A mandatory day off from work that is associated with a 10% cut in pay. Common for companies who desire to cut payroll costs due to a do..