Which of the following is true regarding pricing?
A) The use of prestige and psychological pricing shows that most retailers do not consider demand when setting prices.
B) Bait pricing tries to attract customers on the high end of a demand curve.
C) The FTC considers bait pricing a deceptive act and has banned its use in interstate commerce.
D) Leader-priced items are priced very low to get customers into the store,not to sell the items.
E) All these answers are correct.
Correct Answer:
Verified
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