A tire retailer is advertising a very low price on a popular size of tire.When a customer comes into the store,the clerk says the low-priced item is sold out and tries to convince the customer to buy the top-of-the-line model-claiming the low-priced model would not have been a very good buy even at the low price.This is an example of
A)leader pricing.
B)full-line pricing.
C)value in use pricing.
D)price lining.
E)bait pricing.

Question

Quizplus · Accepted Answer

Bait pricing is setting some very low prices to attract customers but then trying to sell more expensive models or brands once the customer is in the store.

A Tire Retailer Is Advertising a Very Low Price on a Popular