Five Common Forms of Misleading Pricing Include: Bait and Switch,bargains

question 335

Multiple Choice

Five common forms of misleading pricing include: bait and switch,bargains conditional on other purchases,comparable value comparisons,comparisons with suggested prices,and former price comparisons.What do all these practices have in common? They are all

• A)most effective in the growth stage of the product life cycle.
• B)popular techniques preferred by online businesses.
• C)illegal and often difficult to prosecute.
• D)most effective in business-to-business marketing.
• E)effective pricing practices that professional marketers use.

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Definitions:

Attribution Error

A cognitive bias that occurs when individuals incorrectly attribute causes for behaviors or events, often underestimating situational factors and overestimating personal factors.

External Attribution

The process of attributing one's own actions or the behaviors of others to external factors or situational causes.

Cultural Products

Objects, symbols, or practices that possess particular meaning within a culture, including literature, art, music, and traditions.

Social Norms

Shared guidelines or rules within a group or society about how to behave, which can influence an individual's behavior.