Leader Pricing Is an Illegal Attempt to Increase Store Traffic

question 93

True/False

Leader pricing is an illegal attempt to increase store traffic by pricing a regularly purchased item much higher than the store's cost.

---

Definitions:

Tax-Exempt

A status that exempts an individual or entity from having to pay federal, state, or local taxes.

Private Activities

Activities undertaken by private individuals or entities as opposed to those initiated or conducted by governmental bodies or public institutions.

Convention Centers

Large facilities designed to host conferences, exhibitions, and large events, often featuring a variety of spaces including auditoriums, exhibit halls, and meeting rooms.

Cash-Basis Taxpayer

A Cash-Basis Taxpayer is an individual or business that reports income and deductions in the year that they are actually received or paid, as opposed to when they are earned or incurred.