A Retail Store Advertises an SLR Digital Camera for $350

question 77

Multiple Choice

A retail store advertises an SLR digital camera for $350.Once bargain hunters come to the store,salespeople point out the disadvantages of the low-priced camera and try to convince them to trade up to a better,and more expensive,unit.This is an example of the use of

• A)price following.
• B)bait pricing.
• C)odd-even pricing.
• D)low pricing.
• E)everyday low pricing.

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Definitions:

Falsifiable

The ability of a hypothesis or theory to be proven false by evidence or experimentation.

ESP

Extra-Sensory Perception; the claimed ability to gain information without using the known human senses.

Vibrations

Rapid oscillations of particles or waves around an equilibrium point.

Dependent Variables

In an experiment, the variable that is measured and is expected to change in response to manipulations of the independent variable.