A Jewelry Store Advertises a One-Carat Diamond Engagement Ring as Being

question 116

Multiple Choice

A jewelry store advertises a one-carat diamond engagement ring as being discounted 50 percent off the original price of $10,000, for a sale price of $5,000. However, the ring was never put on sale at the original price, and its actual cost to the retailer was only $1,500. This jewelry store could be accused of using:

• A) Price fixing.
• B) Phony list prices.
• C) Dumping.
• D) Price discrimination.
• E) Unfair trade practices.

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Definitions:

Extended Argument

A detailed and lengthy discussion aimed at establishing a point or points with evidence and reasoning.

Syllogistic Steps

The logical sequence of statements in a syllogism that lead from premises to conclusion, using deductive reasoning.

Argument

A sequence of statements or reasons made to persuade others that an action or conclusion is correct or logical.

Babbling

The stage in language acquisition during which an infant experimentally makes a variety of sounds, without producing actual words.