Question: What is a difference between leader pricing and bait pricing? a . Leader pricing is a genuine attempt to give a consumer a reduced price,

What is a difference between leader pricing and bait pricing?
a. Leader pricing is a genuine attempt to give a consumer a reduced price, while bait pricing is deceptive.
b. Leader pricing does not reduce prices for products, while bait pricing reduces prices.
c. Leader pricing is limited to products, while bait pricing is limited to services.
d. Leader pricing is used on less known or used items, while bait pricing is used only for well-known commodities.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!