A Claim That a Price Is Below a Manufacturer's Suggested

question 22

Multiple Choice

A claim that a price is below a manufacturer's suggested or list price may be deceptive if

• A) the items for sale had been purchased from another retailer.
• B) the items for sale were part of a manufacturer's promotional allowance.
• C) the items were part of a bulk order.
• D) few or no sales occur at that price in a retailer's market area.
• E) the items were purchased from the manufacturer at a higher price and the sale was part of a loss-leader promotion.

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Definitions:

Technical Concept

An idea or principle that relates to the specifics of how something works or is engineered, often requiring specialized knowledge to understand.

Performance

The effectiveness with which a company, individual, or system operates to meet its objectives or benchmarks.

Specification Methods

Techniques used to describe the requirements, standards, and quality measures for materials, products, or services.

Purchasing by Specification

Involves acquiring goods or services based on detailed descriptions of their requirements and characteristics, ensuring they meet specified standards and performance criteria.