Regarding pricing:
A) the use of prestige and psychological pricing shows that most retailers do not consider demand when setting prices.
B) bait pricing tries to attract customers on the high end of a demand curve.
C) the FTC considers bait pricing a deceptive act and has banned its use in interstate commerce.
D) leader-priced items are priced very low to get customers into the store--not to sell these items.
E) All of the above are true.

Question

Quizplus · Accepted Answer

The FTC considers bait pricing a deceptive act and has banned its use in interstate commerce because it involves advertising a product at a low price to attract customers, then pushing them to buy a higher-priced item.

Regarding Pricing