Marketing: Pricing Laws
Flashcard
•
Business, Education
•
9th - 12th Grade
•
Hard
Wayground Content
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4 questions
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1.
FLASHCARD QUESTION
Front
What is the term for the use of false or misleading statements in advertising? Options: Bait & Switch Advertising, Deceptive Pricing, Price Discrimination, Price Fixing
Back
Deceptive Pricing
2.
FLASHCARD QUESTION
Front
____is the practice of selling a product or service at a very low price, intending to drive competitors out of the market
Back
Predatory Pricing
3.
FLASHCARD QUESTION
Front
Which outlaws predatory pricing and price fixing?
Back
Sherman Antitrust Act of 1890
4.
FLASHCARD QUESTION
Front
Advertising for a product at a low price; then informing customers to purchase a costlier product when they arrive is called...
Back
Bait-and-Switch Advertising
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