A hardware store advertises a ⅜-inch Black and Decker Power Drill for $29.95. You enter the store intending to purchase the drill. The salesperson informs you that they are all sold out. She tells you that the "sale" drills were factory seconds and that if you are going to be doing any kind of serious woodworking, you should buy the Model 3309, which sells for $49.99. This scenario is which type of illegal pricing practice?
A) predatory pricing
B) price discrimination
C) price fixing
D) bait and switch
E) conditional bargains
Correct Answer:
Verified
Q288: List four of the eight demand-oriented approaches
Q289: To promote their business, some psychics advertise
Q290: Which of these statements about geographical pricing
Q291: Deceptive pricing practices are outlawed by legislation
Q292: In the 1980s, typical round-trip coach airfares
Q294: Carmex uses all of these approaches to
Q295: The practice of charging a very low
Q296: When a firm offers a very low
Q297: Store frequently show items for sale with
Q298: What are the six major steps involved
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents