Explain loss-leader pricing

What will be an ideal response?


Answer: Loss-leader pricing refers to selling one product at a loss as a way to entice customers to consider other products. For instance, grocery stores can use milk and other staples as loss leaders to encourage shoppers to visit. Loss-leader pricing attracts the customer to the shop rather than producing sales by itself.

Business

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Answer the following statement true (T) or false (F)

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Answer the following statement true (T) or false (F)

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Indicate whether the statement is true or false.

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