Low- Valu Inc Owns and Operates a Number of Discount

question 21

Multiple Choice

Low- Valu Inc owns and operates a number of discount mega- stores. Because of increasing competition, it has engaged in a number of improper business practices. It was recently accused of a "bait and switch" practice in one of its stores. Which of the following statements is TRUE?

• A) "Bait and switch" is expressly prohibited by the Sale of Goods Act.
• B) The alleged practice occurs when a store places two price tags on one item, and then charges the customer the higher amount.
• C) The alleged practice is a criminal matter under the Competition Act.
• D) The phrase "bait and switch" refers to the fact that the alleged offence originally arose in connection with general stores in the nineteenth century, who sold, among other things, hunting supplies.
• E) Low- Valu engaged in a bait and switch if it advertised a product at a very low price but told customers who came to its stores to buy it that none of the product was available but a higher priced alternative was available instead.

---

Definitions:

Strengths

The inherent capacities or talents that individuals or organizations can leverage to achieve their goals effectively.

Farsighted Organizations

Institutions or groups capable of anticipating future trends, challenges, and opportunities in their strategic planning.

Formally Written

A well-organized, logical, and correctly formatted way of communication, typically used in official or academic contexts.

Short-term Profit-oriented

Focusing on immediate financial gain rather than long-term stability, growth, or investment.