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Kenny and Tessa are planning to go on vacation.They learn that Dreamz Travel,a travel agency,is offering a special package that includes travel,lodging,and entertainment at a much lower price than the couple would have to pay for all of them separately.Which of the following pricing strategies is Dreamz Travel using in this scenario?
Resale Price Maintenance
A practice where manufacturers or suppliers dictate the minimum price at which retailers can sell their products, often scrutinized under competition laws.
Refusal to Supply
An act whereby a business decides not to sell or provide goods or services to another business or individual.
Competition Act
Legislation aimed at promoting fair competition in the market by regulating anti-competitive practices.
Bait-and-Switch
A deceptive marketing practice where customers are lured by an advertised deal that is too good to refuse and then are pressured into purchasing a more expensive item or service.
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