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levacccp [35]
3 years ago
8

A hardware store advertises a 3/8" Black and Decker Power Drill for $29.95. You enter the store intending to purchase the drill.

The salesperson informs you that they are all sold out. She tells you that the sale drills were factory seconds and that if you are going to be doing any kind of serious woodworking, you should buy the Model 3309, which sells for $49.99. This scenario has elements of which type of illegal pricing practice?
Business
1 answer:
umka2103 [35]3 years ago
3 0

This scenario has elements of Bait and switch pricing practice.

Explanation:

Bait and switch is a marketing trick that attracts customers to sell items that are not available for a similar pricing product at low prices. This is a method of retail sales fraud, although in other ways it takes place. Although many countries include laws against baiting and flipping, not all incidents are fraud.

Many activities are also common in bait and switch-like strategies:

  • Many unethical brokers in the real estate industry may sell a huge property at a price that is too good for prospective purchasers. The land affected is no longer accessible once it is on board.
  • In restaurants and supermarkets, nearly one-third of fish sold as one species (and thus priced) is also a kind of fish that is less expensive.
  • Hotels have low promotional prices to lure visitors that are eventually impacted by undisclosed resort fees or other unforeseen minimum transparency fees.
  • When trying to collect resumes, recruiters will post appealing and fake jobs.
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Lori had a great day at work and has a positive attitude. When she arrives home, she maintains this positive attitude and is in
kondaur [170]

Answer:

b. work-family enrichment

Explanation:

Based on the scenario being described within the question it can be said that in this situation Lori is experiencing the concept of work-family enrichment. This term refers to when an individual's experience in what role of their lives improves the quality of life in another role. Such as in this scenario Lori's great experience at work improved her attitude in her family environment and role as a mother.

8 0
3 years ago
Determine the order in which the following budgets are generally prepared.
xenn [34]

Answer:

The order in which the following budgets are generally prepared are as arranged below:

1. Sales budget

2. Production budget

3. Material purchases budget

4. Budgeted income statement

In an attempt to expatiate the decision above. We must observe that income statement starts with revenue. Similarly here, the budget will starts with sales. The revenue section is followed by production budget which from which various budgets like material, direct labor and overhead budget are prepared from. After the Production budget, follow the Material purchase budget, then Budgeted Income Statement

5 0
3 years ago
Which theorist argues that members of a class are grouped by their value in the commercial marketplace?
Trava [24]
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4 0
3 years ago
Suppose your grandma sends you $100 for your birthday and you deposit $100 into your checking account at the local bank. The res
muminat

Answer:

$90; $900

Explanation:

Given that,

Amount of deposits = $100

Required reserve ratio = 10%

Required reserves:

= Amount of deposits × Required reserve ratio

= $100 × 10%

= $10

Excess reserves = Deposits - Required reserves

                           = $100 - $10

                           = $90

Money multiplier:

= 1/ Required reserve ratio

= 1/ 0.1

= 10

Money Supply:

= Amount of excess reserves used for lending × Money multiplier

= $90 × 10

= $900

The money supply could eventually grow by as much as $900.

3 0
3 years ago
1. In the case, the court focused on the language of the contract. In the contract, the Desses agreed to fully disclose all info
Reil [10]

Answer:

Yes

Explanation:

The Desses would have had a stronger argument if the contract was silent in this way because it would have been less likely that there was a designated class of third-party beneficiaries under the contract.

Cheers

7 0
3 years ago
Read 2 more answers
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