Zing, a new brand of rental e-scooters, is planning to differentiate itself from other competitors by charging a lower price per minute for rentals. This paper aims to discuss the strategy's chances of success or failure.
The new start-up company in the U.S., Zing, has come up with a plan to differentiate itself by offering rental e-scooters at a lower price per minute for rentals. However, other rental companies such as Lime and Spin also offer rental e-scooters for rent at approximately the same price. Zing's plan to lower prices might be a short-term success to attract new users. However, it might fail to survive in the long run due to increasing competition.
As they offer the same product with a different brand name and price, Zing's potential users might get attracted towards it in the beginning. However, in the long term, other rental companies might come up with new strategies to compete and survive in the market. Thus, it might get difficult for Zing to sustain in the long term, and the success of the strategy would depend on various factors such as market share, advertising, promotion, and unique features of the product offered. Therefore, Zing might initially be successful with its strategy of offering rental e-scooters at a lower price per minute for rentals but might not sustain in the long term due to increased competition.
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(b) Carefully discuss the mechanism of a financial system and
functions of financial intermediaries in the financial system.
The mechanism of a financial system is based on the interrelationship between money, financial institutions, and financial markets. The functions of financial intermediaries in the financial system is to act as an intermediary between savers and borrowers, providing services such as deposit taking, lending, and investment management.
The financial system is an economic entity that involves the flow of capital and credit within and between countries. Financial intermediaries are firms or institutions that act as intermediaries between borrowers and savers in the financial system. Their main functions in the financial system are to act as an intermediary between savers and borrowers, providing services such as deposit taking, lending, and investment management.
They also facilitate the allocation of capital in the economy, reducing the risk for both lenders and borrowers by pooling and diversifying risk across a range of different assets. In addition, financial intermediaries play a crucial role in the creation and distribution of money in the economy. Overall, the mechanism of a financial system and the functions of financial intermediaries are crucial components of the modern economy, enabling businesses and individuals to invest and grow their wealth over time.
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4. When it comes to owning a hotel there are a variety of options for ownership such as
franchising, independent lodging, REITS management contracts and vacation ownershipsh
or timeshares Briefly explain each of these highlighting the disadvantages and
advantages of each which would you choose? Why?
5. Why are room counts important to hotels? What are some strategies to achieve accuracy
in this department? Within your answer explain and analyze the value and impact of
calculation of hotel occupancy average daily rate (ADR) and revenue available room
The four basic types of hotel ownership and management are franchise, privately owned and operated, leased, and managed. Even though a franchise is privately owned, the owner is still required to pay a one-time franchise fee and ongoing royalties.
A timeshare is a holiday home with a shared ownership structure. In a typical timeshare, you split the property's cost with other purchasers in return for a specific number of years of access to the franchising property. Less freedom to plan vacations While owning a timeshare may have a lot of drawbacks, the lack of flexibility many of them offer when it comes to vacation planning is possibly the most important.
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Suppose Phil and Miss Kay are the only consumers in the market. If the price is $6, then the market quantity demanded is
The number of units that the market wants is two.
Market quantity demanded is the amount of a specific good that customers have placed on the market and is inversely correlated with the cost of the good.
Given that the quantity of the commodity desired is inversely correlated with the price of the commodity, it follows that as the price of the commodity rises, the quantity of the commodity will decrease. The graph of this is negatively sloped as a result.
The only shoppers at the store are Phil and Miss Kay. Therefore, 2 units are needed to meet market demand.
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A transaction is any business event that generates ________ worthy of being captured and stored in a database.
A transaction is any business event that generates data worthy of being captured and stored in a database.
In keeping with the transaction definition, a transaction is defined because of the trade of products and services or the switch of cash, or the dedication to alternate items and offerings within the future.
Examples of monetary transactions include coins receipts, deposit corrections, requisitions, buy orders, invoices, travel price reviews, PCard expenses, and magazine entries.
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TRUE OR FALSE: A mathematics professor at a university would fall under both the Education and Training career cluster and the STEM career cluster.
influences of Business environment,
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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Explain how the U.S. economic system differs from the economic system in Cuba.
An extended introduction stage of the product life cycle occurs for which type of product?
high learning
low learning
fashion
fad
primary
Because consumers must be thoroughly educated about the offering, high-learning products have lengthy introduction stages.
What do you mean by product life cycle?The product life cycle's initial phase is represented by this. The first step after a product's creation is to introduce it to the market. The product is initially released onto the market at this phase.
A business's response when it realises a product is approaching the recession of a product lifecycle is known as an extension strategy. By preserving a product's maturation state, these steps seek to lengthen its shelf life and should boost sales.
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Keisha owns a house worth $275,000 with a mortgage of $195,000. She owns a car worth $12,000 and has $7,500 in car loans. She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card. What is Keisha’s net worth?
$88,700
$91,700
$292,700
$496,700
Answer:
$88,700
Explanation:
Given:
Keisha owns a house value $275,000 with a mortgage of $195,000. She owns a car value $12,000 and has $7,500 in car loans.
She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card.
Hence, The net worth of Keisha is $88,700
Answer:
Answer:
$88,700
Explanation:
Given:
Keisha owns a house value $275,000 with a mortgage of $195,000. She owns a car value $12,000 and has $7,500 in car loans.
She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card.
Hence, The net worth of Keisha is $88,700
Explanation:
studocu true or false: leaders, even in a business setting, can come in three forms: appointed, elected and emergent.
True. Leaders in a business setting can indeed come in three forms: appointed, elected, and emergent.
Appointed leaders are individuals who are formally assigned or designated by higher authorities or organizational structures to hold leadership positions. They are chosen based on their qualifications, skills, or expertise. Elected leaders are chosen through a voting or selection process, where individuals within the organization or group have the opportunity to vote or elect their preferred leader. This process often occurs in democratic or participatory settings. Emergent leaders are individuals who naturally rise to leadership positions through their actions, influence, and abilities. They may not have formal titles or positions, but they gain respect, recognition, and followership based on their contributions, expertise, or interpersonal skills.
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TRUE/FALSE. wholesaling is the final part of the marketing process in which exchanges are entered into for personal, family, or household purposes
False, the last stage of the marketing process is retailing, which involves transactions for domestic, familial, or personal use.
Retailers typically sell goods to customers in small quantities for their own use—not for resale or commercial purposes. The last stage of the distribution channel is retail. The retailer will purchase the products in bulk at a discounted rate from the wholesaler or occasionally from the producer.
A crucial component of the marketing mix is retail. It is the last phase before products are sold to customers. At the point of sale, retailers give customers a simple way to buy products.
Retailing involves promoting goods and services to consumers through a variety of distribution channels in an effort to increase sales. Both direct and indirect marketing techniques are used, including partnerships, public relations, advertising, and online marketing.
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Average costs ______. Multiple select question. should be the basis for decision making are differential costs contain sunk costs are often misleading
Based on business operations and management, Average costs should be the basis for decision making.
This is because average costs are the cost in which is derived after the total cost is divided by the number of products or commodities produced.
Average costs are relevant when it comes to the determination of commodity pricing by the producers to know the price to attach to their products.
Hence, in this case, it is concluded that the correct answer is option A. "should be the basis for decision making."
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Marketing communications managers usually state their media objectives in terms of grp, which represents reach multiplied by frequency. What does grp stand for?.
GRP stands for Gross Ratings Point.
GRP is used in the advertising business to determine which TV channels have more advertising reach.
It is simply a metric to calculate the the audience that might have seen their ads. It is not only important for Main stream media, but also for social media and mobile marketers for digital advertising campaigns.
GRP = Reach (% of population reached) × Average frequency or ad impressions
For example, If an ad has an average of 5 impressions by 1,000 out of 10,000 reachable audience.
GRP = (1000/5000) × 4
GRP = 0.1 × 4
here 0.1 represents 10% of the population.
GRP = 10 × 4
GRP = 40
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What causes excess supply and excess demand?
Excess supply and demand are caused by factors such as inflation or deflation, changes in foreign exchange reserves, population growth (because there were previously fewer people), political instability, and changes in foreign exchange reserves. These factors are collectively referred to as disequilibrium.
Disequilibrium:- A market-based economy is in a state of disequilibrium when the forces of supply and demand are out of balance. When internal or external factors hinder the market from achieving equilibrium, the market eventually becomes out of balance.
In this case, the quantity supplied does not equal the quantity required at the agreed-upon price.
leads to price issues and a loss of economic balance.
Excess supply is a state of disequilibrium that occurs when there is insufficient demand to balance the supply. Oversupply is the opposite.
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the incomes of middle class americans have a. decreased significantly over the last 40 years. b. not been measured since the 1970s. c. increased significantly over the last 40 years. d. largely stagnated over the last 40 years.
The incomes of middle-class Americans have largely stagnated over the last 40 years.
The Immigration and Naturalization Act of 1965, also referred to as the Hart-Celler Act abolished an earlier quota machine based totally on a countrywide starting place and mounted a brand new immigration coverage based on reuniting immigrant households and attracting skilled hard workers to the united states.
The constitution stated little approximately immigration and naturalization, which has allowed the policy to trade over the years in response to fluctuating political moods and financial wishes.
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The Kendall Manufacturing Company assembles electronic devices used in offices and homes.
They employ about 600 people in various office, factory, and warehouse positions. Currently, all
factory and warehouse jobs are performed manually.
Managers at Kendall are considering replacing 150 assembly line workers with a computerized
system. The company can save $135,000 a year in operating costs by using this new technology.
What factors should the company consider before using the computerized assembly line
system?
The Kendall Manufacturing Company needs to take into account several factors before deciding to replace 150 assembly line workers with a computerized system.
First, the company must evaluate the cost-benefit analysis of implementing this new technology. Although there is a significant cost savings of $135,000 annually, the company must also consider the initial investment required to purchase and install the new technology. Additionally, the company must consider the potential impact on the 150 workers who will lose their jobs. Kendall Manufacturing needs to decide if the cost savings are worth the potential negative impact on their employees. The company may also face potential legal issues, such as severance pay and lawsuits from disgruntled employees.
Furthermore, the company must consider the level of training required for current employees who will be working with the new technology. It may require additional investment to train current employees on how to use the new technology, which can impact the cost savings. Finally, Kendall Manufacturing needs to evaluate the potential impact on the quality of their products. The new computerized system must maintain the same level of quality as the current manual process. Any reduction in product quality can have negative effects on the company's reputation and sales.
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a(n) _______ is a dissenting shareholder’s right to have his/her shares appraised and to receive monetary compensation from the corporation for their value
An appraisal right is a dissenting shareholder's right to have his/her shares appraised and to receive monetary compensation from the corporation for their value.
What is meant by appraisal rights?
Appraisal rights are a legal protection that allows shareholders who dissent or object to a proposed corporate action, such as a merger, consolidation, or share exchange, to have their shares independently appraised to determine their fair value. If the shareholder disagrees with the proposed action or the price offered for their shares, they may exercise their appraisal rights and demand that the corporation buy back their shares at the fair value determined by an appraisal process.
The purpose of appraisal rights is to protect minority shareholders from potential unfair treatment in corporate actions that could result in a loss of value or control of their shares. By exercising appraisal rights, dissenting shareholders have the opportunity to receive fair compensation for their shares, as determined by an independent appraisal, rather than being forced to accept the terms of the proposed corporate action.
It's important to note that the specific rules and procedures for exercising appraisal rights may vary by jurisdiction and the type of corporate action involved, as they are governed by applicable corporate laws and regulations. Shareholders considering exercising appraisal rights should seek legal advice and follow the appropriate legal processes in their jurisdiction to protect their rights and interests.
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if the economy is below potential and interest rates are at the zero bound, how can the federal reserve still push long-term interest rates down? group of answer choices through the open market trading desk at the new york federal reserve district bank by using open market operations through forward guidance and quantitative easing by relying on fiscal policy
If the economy is below potential and interest rates are already at the zero bound, the Federal Reserve can still push long-term interest rates down through unconventional monetary policies such as quantitative easing and forward guidance.
Quantitative easing involves the purchase of long-term securities by the Fed, which increases the demand for these securities and drives down their yields. Forward guidance involves signaling to the market that interest rates will remain low for an extended period of time, which can also push down long-term rates. While fiscal policy could also potentially stimulate the economy and impact interest rates, it is not within the purview of the Federal Reserve.
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What should be included in all career objectives? interest in new challenges, relevant skills, technological expertise interest in a specific position, relevant skills, benefit to employer interest in a specific field, relevant skills, salary expectations interest in new knowledge, relevant skills, salary expectations
Answer:
B. interest in a specific position, relevant skills, benefit to employer.
Explanation:
Career objectives can be defined as an optional part of a curriculum vitae (resume) used by job applicants to give a brief description about their interest in a specific position, relevant skills, experience and potential benefits to an employer.
In order to increase your chances of being invited for a job interview, it is advisable that you include a clear career objective in your resume so as to make it compelling and convincing to hiring managers.
As a job applicant, what you should include in all career objectives is an interest in a specific position, relevant skills, and benefit to employer because it is one of the sections to be noticed first.
Generally, career objectives should be limited to a maximum of two or three lines of text or sentences and typed at the top of a resume, just below your contact information and name so as to quickly catch an employer's attention.
A company's pr efforts are often aimed at doing what? a. getting publicity. b. reducing press releases. c. getting more ads. d. comparing ad prices. please select the best answer from the choices provided a b c d
Answer:
b. reducing press releases
Explanation:
Press releases can be negative a lot of the time, so the PR works to reduce the negativity brought by the press about the company.
consider two bonds, a 3-year bond paying an annual coupon of 5% and a 10-year bond also with an annual coupon of 5%. both currently sell at a face value of $1,000. now suppose interest rates rise to 10%. a. what is the new price of the 3-year bonds? (do not round intermediate calculations. round your answer to 2 decimal places.) b. what is the new price of the 10-year bonds? (do not round intermediate calculations. round your answer to 2 decimal places.) c. which bonds are more sensitive to a change in interest rates? multiple choice long-term bonds short-term bonds
The new price of the 3-year bonds is $ 875.65, the new price of the 10-year bonds is $ 692.77 and Long term bonds are more sensitive to short term bonds.
In finance, a bond is a sort of safety under which the backer (debt holder) owes the holder (lender) an obligation, and is obliged - contingent upon the terms - to give income to the bank (for example sum acquired) of the bond at the development date as well as revenue (called the coupon) over a predetermined measure of time).
The timing and how much income gave changes, contingent upon the monetary worth that is stressed upon, hence leading to various sorts of bonds. The interest is typically payable at fixed stretches: annual, semiannual, and less frequently at other times. Consequently, a bond is loan. The borrower can use the external funds provided by bonds to finance long-term investments or, in the case of government bonds, current expenditures.
A) price of a 3 year bond:
=(2.48685 * 50 ) +(.75131 * 1000)
= 124.34 + 751.31
= $ 875.65
B) Price of a 10 year bond:
=(6.14457 *50) + (.38554 *1000)
= 307.23 + 385.54
= $ 692.77
C) Long term bonds are more sensitive to short term bonds .This is so because longer the duration ,higher is the risk .so when interest rate changes ,longer duration prices will fall more than by short term bonds.
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Which of the following is true about observational studies? Check all that apply.
1) There may be alternative explanations as to why two variables correlate besides that the first variable causes the second variable.
2) Observational studies look at natural correlations between variables instead of manipulating variables.
3) Observational studies use manipulations to illustrate causality.
4) Observational studies use random assignment to keep all variables that are not of interest constant across conditions.
5) Results of observational studies are on average for the sample population and are not universal rules.
6) There may be important moderators missing from the results portrayed in the study.
7) There may be important mediators missing from the results portrayed in the study.
Observational studies look at natural correlations between variables instead of manipulating variables. This is true about observational studies. There are different types of studies in research such as experimental and non-experimental studies. Observational studies belong to non-experimental studies. Such studies are known as observational because researchers observe the subjects without manipulating variables.
1) There may be alternative explanations as to why two variables correlate besides that the first variable causes the second variable.
2) Observational studies look at natural correlations between variables instead of manipulating variables.
3) Observational studies use manipulations to illustrate causality.
4) Observational studies use random assignment to keep all variables that are not of interest constant across conditions.
5) Results of observational studies are on average for the sample population and are not universal rules.
6) There may be important moderators missing from the results portrayed in the study.
7) There may be important mediators missing from the results portrayed in the study.
Answer: 1 and 5.
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List five organizations where you could volunteer your services. Describe the type of work you might perform for each organization.
Answer:
animal shelter: feeding the animals giving them baths and walking them maybe
eldery homes: help them clean up a bit and just talk to them
Explanation:
sorry i cant think of more
Points of Light is the world's largest volunteer organization. We envision a society in which it is simple for anyone to affect change in their community and around the world. A volunteer program is a structure that is used to recruit and manage volunteers while also supporting community volunteer activities.
How do I ask for volunteer work?Explain that you are looking for a volunteer opportunity and that you are particularly enthusiastic about the organization in question. You can even include a sentence explaining why the organization is a good fit for your skills. The first paragraph should pique the reader's interest and make them want to learn more about you.
Volunteering can help you gain confidence by allowing you to try something new and develop a genuine sense of accomplishment. Make an impact. Volunteering can have a significant and positive impact on individuals, communities, and society as a whole. Meet new people. a desire for excellence doing an excellent job requiring a sense of significant accomplishment wanting to change careers/get a job.
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Online companies create a ________consumers gain information that turns them into sophisticated customers, opportunities to customize products easily, and entertainment content; marketers gain information about consumers that allows them to be more efficient and precise when marketing their products.
Answer:
a value exchange
Explanation: Hope this help:)
The leading producer of gardening tools, YourGarden Inc, has achieved great success because they produce high-quality tools that are not too expensive. Even so, another company that produces lower-quality tools at the same price has also achieved some success, but not as much as YourGarden. Also, in general, the price of gardening tools has declined because of economies of scale and learning. In addition, YourGarden has added complementary assets, such as gardening instruction. Considering all of these factors, the gardening tool industry is most likely in the
A. introduction stage.
B. growth stage.
C. shakeout stage.
D. maturity stage.
Answer:
B. growth stage.
Explanation:
In the growth stage, the demand would be strong as the both efficient & none-efficient firms would thrive also the price would be decline as the firm starts to reap the economies of scale. Moreover, the distribution channels would be expanded also the assets i.e. complementary would be widely available
Therefore the option b is correct
On March 2, Ivanhoe Company sold $840,000 of merchandise on account to Sarasota Company, terms 3/10, n/30. The cost of the merchandise sold was $603,000. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)Account Titles and Explanation Debit Credit enter an account title to record credit sale Accounts Receivable enter a debit amount enter a credit amount enter an account title to record credit sale enter a debit amount enter a credit amount (To record credit sale) enter an account title to record cost of merchandise sold enter a debit amount enter a credit amount enter an account title to record cost of merchandise sold enter a debit amount enter a credit amount (To record cost of merchandise sold)
The journal entry to record the transaction will include Dr. Accounts Receivable $840,000, Cr. Sales Revenue $840,000, Dr. Cost of Goods Sold $603,000, and Cr. Inventory $603,000.
On March 2 when Ivanhoe Company sold $840,000 of merchandise on account to Sarasota Company with terms 3/10, n/30 and a cost of merchandise sold of $603,000.
To prepare a journal entry for the transaction on March 2 follow these steps:1. Record the sale of merchandise on account:
Debit Accounts Receivable for $840,000
Credit Sales Revenue for $840,000
This journal entry records the sale and the revenue earned from the sale. The terms 3/10, n/30 mean that Sarasota Company has a 3% discount if the payment is made within 10 days, otherwise, the full amount is due in 30 days.
2. Record the cost of merchandise sold:
Debit Cost of Goods Sold (COGS) for $603,000
Credit Inventory for $603,000
This journal entry records the cost associated with the merchandise sold, reducing the inventory and recording the expense in the cost of goods sold.
Here's a detailed breakdown of the journal entry:
Date: March 2
Account Titles: Accounts Receivable, Sales Revenue, Cost of Goods Sold, Inventory
Debit: Accounts Receivable $840,000, Cost of Goods Sold $603,000
Credit: Sales Revenue $840,000, Inventory $603,000
Note: The question is incomplete. The complete question probably is: On March 2, Ivanhoe Company sold $840,000 of merchandise on account to Sarasota Company, terms 3/10, n/30. The cost of the merchandise sold was $603,000. Prepare a journal entry for this transaction.
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Why might you be willing to make a loan to your neighbor by putting funds in a savings account earning a 5% interest rate at the bank and having the bank lend her the funds at a 10% interest rate rather than lend her the funds yourself?.
Why might you be willing to make a loan to your neighbor by putting funds in a savings account earning a 5% interest rate at the bank and having the bank lend her the funds at a 10% interest rate rather than lend her the funds yourself?
a. Your neighbor suffers from information asymmetry.
b. There will always be a moral hazard problem in lending to a friend or neighbor.
c. There is no way to diversify your savings except with the help of a bank.
d. The costs of writing up the loan contract might exceed the 5% difference between your deposit rate and the bank lending rate.
C. There is no way to diversify your savings except with the help of a bank
The money is deemed to be safest once it has been deposited with a bank. This is so that the commercial bank can restore the money to the depositors at their request. The neighbor, on the other hand, carries a larger risk because there would be no means to recover the money if the neighbor defaulted on the loan. For this reason, the person would be quite eager to deposit the money at the bank so that their neighbor might borrow money from the institution.
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a broker acts as an agent in all of the following functions except: select one: a. leasing property b. selling property c. appraising property d. exchanging property
A broker acts as an agent in all of the following functions except: exchanging property.
Broker is a term which is used for an individual who charges a commission for executing buy and sell orders. They play an important role for guiding the buyer through all the related paperwork.
The one of the most important function of a broker is only to solve a client's problem for some fee. Secondary functions are such as lending to clients for margin transactions, and it also involves providing information support regarding the situation on trading platforms.
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when sellers advertise a low price for an item generally unavailable to the consumer and then push the consumer to buy a more expensive item, they are engaging in ______ advertising.
The practice of advertising a low-priced item that is generally unavailable to the consumer and then pushing them to buy a more expensive item is known as bait-and-switch advertising.
It is a deceptive marketing technique used by sellers to lure customers into their stores or websites with the promise of a great deal, only to switch the product or service offered to a more expensive one. Bait-and-switch advertising is often used to create a false sense of urgency or scarcity, making consumers feel like they have to act quickly to take advantage of the advertised deal. Once the customer is hooked, the seller will then attempt to sell them a more expensive item, citing reasons such as limited stock, poor quality of the advertised item, or other excuses. This practice is illegal in many countries, including the United States, where it is considered a form of false advertising. It is important for consumers to be aware of these tactics and to do their research before making any purchase to avoid falling victim to bait-and-switch advertising.
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