In a Store, an Item Is Priced Extremely Low by a Dealer

question 11

Multiple Choice

In a store, an item is priced extremely low by a dealer, but the salesperson points out the disadvantages of the item and switches customers to items of higher quality and price. What is this pricing policy called?

• A) Leader pricing
• B) Prestige pricing
• C) Bait pricing
• D) Odd pricing

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Definitions:

African Americans

A demographic in the United States identified by heritage from African black racial groups.

European Americans

Individuals in the United States who trace their ancestry back to Europe.

Tranquilizes

To calm or sedate, often referring to the use of medication to reduce anxiety or tension.

Underprivileged

Lacking the fundamental social, cultural, and economic resources, rights, and opportunities that are available to the majority of the population.