Most Retailers Will Put Low Prices on Some Items in Order

question 29

Multiple Choice

Most retailers will put low prices on some items in order to increase traffic to the store. These low-priced products are known as ________.

• A) loss leaders
• B) price ceilings
• C) price skimmers
• D) price floors
• E) cold calls

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Definitions:

Myopic

Nearsightedness; a condition in which close objects appear clearly but distant ones don't.

Nearsighted

A vision condition, also known as myopia, where close objects appear clear but distant ones are blurry.

Stimulus

A change in the environment that elicits a response from an organism or a system.

Alteration

A change or modification, usually used to refer to a small change in structure, form, or quality.