JoAnne Goes to the Local Electronics Store to Purchase a $30

question 96

Multiple Choice

JoAnne goes to the local electronics store to purchase a $30 DVD player that was advertised in the paper. Upon arriving, the salesperson tells her that they have just run out and offers to show JoAnne some other models. JoAnne ends up purchasing a $150 DVD player. JoAnne has been the victim of which technique of persuasion?

• A)bait-and-switch
• B)foot-in-the-door
• C)switch-and-pay
• D)high-ball
• E)low-ball

---

Definitions:

Strong U.S. Dollar

Strong U.S. Dollar refers to a situation where the value of the U.S. dollar is high relative to other currencies, impacting international trade and economic conditions.

Export Demand

The demand for domestic goods and services in foreign markets.

Hedging

A risk management strategy used to offset potential losses in investments by taking an opposite position in a related asset.

Spot Exchange Rates

Spot exchange rates are the current exchange rates at which currencies can be traded immediately.