A Reference Price Might Be Considered Deceptive If

question 91

Multiple Choice

A reference price might be considered deceptive if

• A)the internal reference point is different from the external reference point.
• B)the reference price is more than two times the cost of the item.
• C)the reference price has been inflated or is fictitious.
• D)the reference price has changed more than once in the past 12 months.
• E)it reflects actual manufacturing costs plus 50 percent.

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Definitions:

Confirmation Letter

A document sent to confirm details of an agreement, appointment, or transaction.

Oral Agreement

A contract or agreement made through spoken communication rather than written, which can be legally binding depending on the context.

Customer Uncertainty

The lack of certainty or predictability that consumers feel regarding the value, quality, or benefits of purchasing goods or services.

Irrevocability Period

A designated timeframe during which a decision, such as an offer or contract, cannot be retracted or revoked.