When a Firm Offers a Very Low Price on a Product

question 14

Multiple Choice

When a firm offers a very low price on a product to attract customers to a store and once in the store the customer is persuaded to purchase a higher-priced item, the practice is referred to as

• A) predatory pricing.
• B) deceptive pricing.
• C) price discrimination.
• D) caveat emptor.
• E) bait and switch.

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Definitions:

Heredity

Inborn traits or characteristics inherited from the biological parents.

Down Syndrome

A genetic disorder caused by the presence of an extra 21st chromosome, leading to a range of developmental and physical delays and characteristics.

Alzheimer Disease

A progressive neurodegenerative disorder characterized by memory loss, cognitive decline, and personality changes.

Chromosomal Abnormality

A deviation from the normal chromosome number or structure in cells, often leading to genetic disorders or syndromes.