multiple choice question\nwhich of the following is an example of deceptive pricing?\ncharging a very low…

multiple choice question\nwhich of the following is an example of deceptive pricing?\ncharging a very low price for a product with the intention of destroying a competitor\nmeeting with the management of a competitor to agree on an increased base price for a product\nwhen a manufacturer prices differentially based on changing market conditions\na bait an switch to lure customers into the store to sell them a higher priced product

multiple choice question\nwhich of the following is an example of deceptive pricing?\ncharging a very low price for a product with the intention of destroying a competitor\nmeeting with the management of a competitor to agree on an increased base price for a product\nwhen a manufacturer prices differentially based on changing market conditions\na bait an switch to lure customers into the store to sell them a higher priced product

Answer

Brief Explanations:

Deceptive pricing involves tricking customers. A bait - and - switch tactic lures customers with a low - priced offer but then tries to sell them a higher - priced product, which is deceptive. Charging a low price to destroy a competitor is predatory pricing, agreeing on price with a competitor is price - fixing, and differential pricing based on market conditions is normal business practice.

Answer:

a bait and switch to lure customers into the store to sell them a higher priced product