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The Term __________ Refers to a Practice Whereby a Salesperson

question 66

Multiple Choice

The term __________ refers to a practice whereby a salesperson initially accepts a customer's offer, but then claims an error and quotes the customer a higher price.


Definitions:

Movement Along

A change in the quantity demanded or supplied of a good or service resulting from a change in its price, represented graphically as a movement along a demand or supply curve.

Preferences

The subjective tastes and desires that influence individuals' choices between different goods, services, or actions.

Buyers

Individuals or entities that purchase goods or services.

Income

The total amount of money or value received by an individual or entity, typically over a specific period, from various sources such as wages, investments, or sales.

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