Acorn Outfitters advertises a large tent,usually selling for $250,to be sold to the first customer the next morning for $25.Samuel is the first in line,but Acorn claims that the tent has already been sold.Acorn has engaged in an auction.

Question

Quizplus · Accepted Answer

Acorn has engaged in a bait-and-switch technique, not an auction. They advertised a low price to attract customers, but did not actually have the item available for purchase at that price. The use of the word "auction" in this context is inaccurate.

Acorn Outfitters Advertises a Large Tent,usually Selling for $250,to Be