A tire retailer is advertising a very low price on a popular size of tire. When a customer comes into the store, the clerk says the low-priced item is sold out and tries to convince the customer to buy the top-of-the-line model-claiming the low-priced model would not have been a very good buy even at the low price. This is an example of
A. value in use pricing.
B. full-line pricing.
C. leader pricing.
D. bait pricing.
E. price lining.
Answer: D
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A. Management science B. Behavioral science C. TQM D. Scientific management E. Administrative management
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As stated in the textbook, employees have become more empowered through ______.
A. decentralization B. globalization C. centralization D. cross-functional teams
A defendant who has not been negligent but is made to pay a strict liability judgment can bring a separate action against the negligent party in the chain of distribution to recover his losses
Indicate whether the statement is true or false