Which of the Following Is NOT a Characteristic of Everyday

question 231

Multiple Choice

Which of the following is NOT a characteristic of everyday low pricing?

• A) Seasonal changes in prices are based on current demand.
• B) It is purely cost-based prices that vary as the manufacturer's costs vary.
• C) It relies on short-term price-cutting tactics such as cents-off coupons, rebates, and special sales.
• D) The prices are reviewed and are set daily, weekly, or monthly in reaction to competitors' actions.

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Definitions:

Fraudulent Misrepresentation

The act of intentionally making false statements to induce another party to enter into a contract, resulting in harm or damage.

Intentional Misrepresentation

Deliberate false statement by one party aimed at getting another party to enter into an agreement.

Mutual Mistake

An error made by both parties in a contract that can render the agreement void.

Negligent Misrepresentation

A false statement of material fact made by a person who thinks it is true but who would have known the truth about the fact had he or she used reasonable care to discover or reveal it.