1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.
You might be interested in
Which of the following statements is false?
viktelen [127]

Answer: d. A company paid for an insurance premium of $6,000 on January 1. The insurance is for a year. Failing to make adjustments for the month of January would overstate assets and stockholder's equity by $6,000.

Explanation:

If a company were to pay $6,000 for Insurance for the YEAR in January, this would be recorded as a PREPAID EXPENSE.

This Prepaid Expense will then be apportioned per month over the year to each month as expenses of $500.

Failing to make adjustments for the month of January would not overstate assets and stockholder's equity by $6,000 but by $500.

8 0
3 years ago
we say economists or social scientists are doing positive analysis when they: question 10 options: focus on policies and rhetori
nasty-shy [4]

The topic referred to above is Positive Economics.

Positive economics: It is the study of economics through an objective and analytical perspective. Most economists enumerate their future predictions on their past and present experiences i.e. what has already happened and what is happening in a particular economy. This investigation process is economically very advantageous.

Advantages of Positive Economics:

Policymakers can use positive economic theory to execute normative value judgments.

To learn more about Positive Economics, visit the following link:

brainly.com/question/14300080

#SPJ4

4 0
2 years ago
Firm A issued a $1,000,000 bond with a 20-year term at a discount. If the remaining amount of the discount on bonds payable is $
oksano4ka [1.4K]

Answer:

Loss of $200,000

Explanation:

Carrying value of bond = $1,000,000 - $100,000

Carrying value of bond = $900,000

Cash paid on bonds = $1,100,000

Loss on bond = Cash paid on bonds - Carrying value of bond

Loss on bond = $1,100,000 - $900,000

Loss on bond = $200,000

8 0
3 years ago
EA12.
BaLLatris [955]

Answer:

$38,400

Explanation:

<em>1. Cash Purchases:</em>

The total purchases in the month of March is of $35,000.

It is given that 70% of Purchases are for cash.

Hence, 70% of $35,000 would be;

$39,000 x 0.70

$27,300

<em>2. Credit Purchases: </em>

Remaining Balance of Purchases from the month of February:

For the month of February Cash Purchases can be calculated as follows;

$37,000 x 0.70

$25,900

Remaining Balance to be paid in March for the month of February can be calculated as follows;

$37,000 - $25,900

$11,100

<em>3. CASH PAYMENT for PURCHASES in MARCH:</em>

Cash Purchases = $27,300

Credit Purchases = $11,100

Hence;

<em>Cash Payment for purchases in March = Cash Purchases + Credit Purchases </em>

Cash Payment for purchases in March = $27,300 + $11,100

Cash Payment for purchases in March = $38,400

7 0
3 years ago
Many homes are decorated in spring colors because these colors are deemed to be uplifting; however, most department stores do no
rusak2 [61]

Answer:

The answer is: B) Time utility

Explanation:

Time utility refers to the business practice of making products or services available during the times that they are most convenient or desirable for customers.

For example, stores are decorated differently for Halloween than for Christmas, and the products they sell are also different.

8 0
3 years ago
Other questions:
  • Consumer reports found 68 percent of start-up financing for entrepreneurs comes from:
    14·1 answer
  • The ideas, things, or events people feel are important are called
    15·2 answers
  • The _____ requires that executive agencies and subcontractors and contractors of the federal government receiving more than $2,5
    14·1 answer
  • When an economy relies on​ specialization,
    9·1 answer
  • Kris decided to go shopping for a pair of tennis shoes. She went to the mall where there were several stores selling shoes. The
    7·1 answer
  • Who sets the minimum wage in ct
    6·1 answer
  • Wade Company estimates that it will produce 6,000 units of product IOA during the current month. Budgeted variable manufacturing
    6·1 answer
  • Joan has the following assets and liabilities: Credit card balance $1,000 Cash $200 Government bonds $3,000 Checking $300 Car lo
    15·1 answer
  • The deal your assistant signs calls for the sale of a minimum of260 chairs and up to 450 chairs. The price will be $91 per chair
    5·1 answer
  • If an economy is producing at peak sustainable output without generating accelerating inflation, it can be said to be operating
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!