Marking merchandise with an exceptionally high price and then claiming that the lower selling price actually used represents a legitimate price reduction is an example of _____.
A)deceptive pricing
B)price fixing
C)predatory pricing
D)price discrimination

Question

Quizplus · Accepted Answer

This scenario describes a deceptive pricing tactic. By initially marking the merchandise with an artificially high price, the seller is attempting to deceive the customer into thinking they are getting a good deal when the item is actually sold at a "lower" price. This tactic is often illegal and unethical.

Marking Merchandise with an Exceptionally High Price and Then Claiming