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r-ruslan [8.4K]
3 years ago
12

Lowe’s advertised a barbeque grill for $99 in its newspaper ad. When the Smith’s arrived at Lowe’s to buy the barbecue, a Lowe’s

salesman said, "Oh, we don’t have any in stock. But, what you need is this model for $149." Lowe’s had no $99 barbecues in stock, even before the ad was placed.
a. Lowe’s has engaged in bait and switch.
b. Lowe’s has breached an express warranty.
c. Lowe’s has violated the implied warranty of merchantability.
d. none of the above"
Business
1 answer:
Debora [2.8K]3 years ago
5 0

Answer:

A) Lowe’s has engaged in bait and switch.

Explanation:

Bait and switch retail sales practices are considered fraud and the store can be sued for it. When a store advertises a product with a very tempting low price in order for customers to go ask for them, but doesn't even have them in stock is considered false advertisement. Everyone loves a good offer but it is illegal to attract customers using a false promotion and then switching that product for a more expensive one.

If Lowe had some of the grills in stock and still tried to convince its customers to buy a more expensive one, then that is not illegal. But the question states that Lowe didn't have any cheap grill in stock.

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For each of the goods, identify the characteristics that describe each good. Note that each good will be described with two char
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Also, Non-rivalrous goods are those goods that even though consumed by the people will not cause shortage of the  availability of the same goods to others.   A rivalrous good is the opposite as it causes shortage in availability  to others when used.

National Defence----Non excludable and Non Rivalrous

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a Hot Pocket sandwich--- Excludable and Rivalrous

private classroom education--- Excludable and Rivalrous

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3 years ago
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3 years ago
MC algo 3-13 Equity Multuiplier Use the following information to answer this question Windswept, Inc. 2017 Income Statement ($ i
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Answer:

The answer is Option D. 1.68 times

Explanation:

The formula for equity multiplier is:

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In 2017:

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3 years ago
Sam takes a five-dollar bill from his wallet. He exchanges the bill for four quarters and four one-dollar bills. He then uses th
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3 years ago
In 2016, Carow sold 3,000 units, at $500 each. Variable expenses were $250 per unit, and fixed expenses were $500,000. The same
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Answer:

The correct answer is D.

Explanation:

Giving the following information:

In 2016, Carow sold 3,000 units, at $500 each. Variable expenses were $250 per unit, and fixed expenses were $500,000.

The same selling price is expected for 2017. Carow is tentatively planning to invest in equipment, that would increase fixed costs by 20% while decreasing variable costs per unit by 20%.

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3 years ago
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