A manager at Kohl's discovers that Macy's has reduced the price of its children's Levi's from $31.99 to $24.99, according to an advertisement in the Sunday newspaper. She immediately phones her store and instructs the salesperson on duty to put a sign up next to their children's Levi's that reads, "SALE: $24.99." This is an example of:
A) secondary-market pricing.
B) bait-pricing.
C) reference pricing.
D) random discounting.
E) comparison discounting.

Question

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The Answer of A manager at Kohl's discovers that Macy's has reduced the price of its children's Levi's from $31.99 to $24.99, according to an advertisement in the Sunday newspaper. She immediately phones her store and instructs the salesperson on duty to put a sign up next to their children's Levi's that reads, "SALE: $24.99." This is an example of:
A) secondary-market pricing.
B) bait-pricing.
C) reference pricing.
D) random discounting.
E) comparison discounting.

A Manager at Kohl's Discovers That Macy's Has Reduced the Price