After Looking at the Ads in Her Sunday Paper,Ruby Decided

question 80

Multiple Choice

After looking at the ads in her Sunday paper,Ruby decided to visit a local nursery and buy potting soil at $1.99 a bag.The regular price is $4.99 a bag.While Ruby was there she also purchased three bushes,six flowering plants,and a bird bath.You can infer from this information that the nursery used the bags of potting soil as a(n) .

• A)loss leader
• B)price line
• C)bait- and- switch
• D)reference price
• E)assimilator

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Definitions:

Competitive Bidding

A procurement process where suppliers submit bids to win a contract to supply goods or services, often leading to lower prices.

Contract Acceptance

The process by which a party agrees to the terms and conditions of a contract, signifying their willingness to be legally bound by it.

Linear Programming

A mathematical modeling technique used for achieving the best outcome in a mathematical model whose requirements are represented by linear relationships.

Scarce Resources

Limited or insufficient resources that cannot fully meet the demand when needed.