When a seller represents a price as reduced,the item must have been offered in good faith at a higher price for a substantial previous period.Former price comparisons are deceptive if
A) the high price tags were from a previous owner or retailer and were purchased that way from the reseller,even though that price didn't originate at the store.
B) the items for sale were part of a manufacturer's promotional allowance.
C) a high price was set for the purpose of establishing a reference for a price reduction.
D) the items for sale were available at the higher price for less than 30 days.
E) the items were purchased from the manufacturer at a higher price and the sale was part of a loss-leader promotion.
Correct Answer:
Verified
Q271: Price deals that mislead consumers fall into
Q277: Advertising such as "Retail Value $100, Our
Q281: The practice of offering a bargain that
Q284: Predatory pricing is
A) an arrangement a manufacturer
Q287: The Robinson-Patman Act covers promotional allowances as
Q289: To promote their business, some psychics advertise
Q291: Deceptive pricing practices are outlawed by legislation
Q293: A hardware store advertises a ⅜-inch Black
Q295: The practice of charging a very low
Q299: A single jar of original formula Carmex
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