Match the illegal pricing strategy with the correct term:
-Advertising items at a low price, then telling customers the item is out of stock with the goal of persuading them to purchase a more expensive model.
A) price discrimination
B) resale price maintenance
C) price fixing
D) deceptive pricing
E) predatory pricing
F) dumping
G) bait-and-switch
H) price confusion

Question

Quizplus · Accepted Answer

The described strategy is known as "bait-and-switch," where a seller advertises a product at a low price to attract customers and then tries to sell them a more expensive item.

Match the Illegal Pricing Strategy with the Correct Term