Multiple Choice
A hardware store advertises a ⅜-inch Black and Decker Power Drill for $29.95. You enter the store intending to purchase the drill. The salesperson informs you that they are all sold out. She tells you that the "sale" drills were factory seconds and that if you are going to be doing any kind of serious woodworking, you should buy the Model 3309, which sells for $49.99. This scenario is which type of illegal pricing practice?
A) predatory pricing
B) price discrimination
C) price fixing
D) bait and switch
E) conditional bargains
Correct Answer:

Verified
Correct Answer:
Verified
Q45: A company in Virginia that manufactures and
Q46: Mike Morgan, a sales representative for a
Q47: Skimming pricing is a strategy that introduces
Q48: Which of these statements about the legal
Q49: Explain why odd-even pricing may be successful.
Q51: When Kroger, a national supermarket chain, uses
Q52: Prestige pricing is considered to be a
Q53: What is the difference between an EDLP
Q54: To accommodate the changes in the book
Q55: Rather than emphasize demand, cost, or profit