Marking Merchandise with an Exceptionally High Price and Then Claiming

question 92

Multiple Choice

Marking merchandise with an exceptionally high price and then claiming that the lower selling price actually used represents a legitimate price reduction, is an example of

• A) deceptive pricing.
• B) odd pricing.
• C) bundle pricing.
• D) mark-up pricing.

---

Definitions:

Absolute Best

The highest possible standard or quality that can be achieved in a specific context.

Satisficing Decision

A decision-making process that seeks a satisfactory rather than an optimal solution, prioritizing adequate over perfect results due to limitations.

Acceptable Alternative

An option deemed suitable or satisfactory for achieving a goal, often considered in decision-making processes.

Optimizing Decision

The process of finding the most effective solution among various choices, with the aim of achieving the best possible outcome.