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 has elements of which type of illegal pricing practice?

Question

Quizplus · Accepted Answer

This scenario has all the elements of bait and switch,which is a deceptive practice whereby a firm offers a very low price on a product (the bait)to attract customers to a store.Once in the store,the customer is persuaded to purchase a higher-priced item (the switch)using a variety of tricks,including not having the item in stock and downgrading the item.

A Hardware Store Advertises a ⅜-Inch Black and Decker Power