Cassie Stopped by the Hardware Store Because She Had Seen

question 24

Multiple Choice

Cassie stopped by the hardware store because she had seen an ad for 50% off a thermostat. When she got to the store, she was told they didn't have any of those thermostats in stock and wouldn't be ordering more but she could buy a higher-priced Nest thermostat which was supposed to be better anyway. This appears to be a case of

• A)loss-leader pricing.
• B)price skimming.
• C)bait-and-switch.
• D)regressive pricing.
• E)a monopoly.

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Definitions:

Double Taxation

A taxation principle referring to income taxes paid twice on the same source of earned income, commonly seen in corporate dividends.

Sole Proprietorships

A business owned and operated by a single individual, where the owner and the business are legally the same entity.

Bylaws

Regulations, rules, or laws adopted by an organization or community to govern its actions and the actions of its members.

Sole Proprietorship

A business structure where a single individual both owns and runs the company, bearing unlimited personal liability for its debts.