Regarding Pricing

question 145

Multiple Choice

Regarding pricing:

• A) the use of prestige and psychological pricing shows that most retailers do not consider demand when setting prices.
• B) bait pricing tries to attract customers on the high end of a demand curve.
• C) the FTC considers bait pricing a deceptive act and has banned its use in interstate commerce.
• D) leader-priced items are priced very low to get customers into the store--not to sell these items.
• E) All of the above are true.

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Definitions:

Unrepentant Offender

An individual who continues to justify or show no remorse for their criminal or unethical actions.

Rational Understanding

Involves comprehending matters or concepts based on reason, logic, and factual evidence, distinguishing between logical and illogical arguments.

Career Criminals

Persons who engage in criminal activity as their main occupation, often repeatedly committing crimes and having multiple convictions.

Theory of Punishment

The systematic examination of the principles and justifications behind penalizing individuals for committing crimes.