Jameson purchased an alarm system for his car during a promotion.He considers the price after the promotion to be very attractive.However,later on he learns that the firm set artificially high reference price for the alarm system just before a promotion to make the advertised sale price attractive.Jameson has just experienced _____________________.

Question

Quizplus · Accepted Answer

Jameson has experienced deceptive pricing, which is a practice where companies set artificially high reference prices to make the discounted price seem like a better deal. This tactic is considered deceptive because it misleads customers into believing they are getting a better deal than they actually are.

Jameson Purchased an Alarm System for His Car During a Promotion.He