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making false price comparisons, providing misleading suggested selling prices, omitting important conditions of the sale, or making very low price offers available only when other items are purchased as well.

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14y ago

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Disadvantages of Cost-Based pricing?

The cost based pricing may overlook costs that are not monetary. Cost based pricing may overlook inefficiency Cost based pricing may not take advantage of consumer surplus.


Who do you contact if you are a victim of deceptive practices?

I would suggest contacting your local Police Department's non-emergency Communications Center. This is different from 9-1-1. Check your local phone book or government website regarding your Police Department. I work at my PD's Communications Center and take decprac calls often.


What is the form of penence?

Penance can take various forms, such as prayer, fasting, acts of charity, or making amends for wrongdoings. The form of penance often depends on the individual's beliefs and the religious or spiritual practices they follow.


What is company oriented pricing?

Pricing driven by a company's internal factors. The company will take a stock of all the internal costs and determine a pricing that will ensure a return. e.g. Cost plus method.


How pricing affect underwriting?

Pricing directly impacts underwriting by influencing the risk assessment process. If premiums are set too low, underwriters may take on higher-risk clients than advisable, potentially leading to increased claims and financial losses. Conversely, adequately priced policies ensure that underwriters can maintain a balanced portfolio, aligning risks with appropriate premiums. Ultimately, effective pricing supports sustainable underwriting practices and helps maintain the insurer's profitability.


A juice company falsely claims that it's drinks reduce the incidence of heart attacks. Which practice regulated by consumer protection laws?

The juice company's false claim about its drinks reducing the incidence of heart attacks falls under deceptive advertising, a practice regulated by consumer protection laws. These laws prohibit misleading or false statements that can deceive consumers and affect their purchasing decisions. Regulatory agencies, such as the Federal Trade Commission (FTC) in the United States, can take action against companies that engage in such deceptive practices to protect consumers and ensure fair competition.


Are there solutions to bait and switch schemes?

Yes, there are solutions to bait and switch schemes, primarily through legal and regulatory measures. Consumers can report such practices to relevant authorities, like the Federal Trade Commission (FTC) in the U.S., which can investigate and take action against deceptive advertising. Additionally, increasing consumer awareness and education about these tactics can empower individuals to recognize and avoid them. Businesses can also implement ethical marketing practices to build trust and avoid legal repercussions.


What is orientated price?

Pricing driven by a company's internal factors. The company will take a stock of all the internal costs and determine a pricing that will ensure a return. e.g. Cost plus method.


What government organization investigates companies engaged in false advertising?

The Federal Trade Commission (FTC) is the primary government organization that investigates companies engaged in false advertising in the United States. The FTC enforces laws against deceptive marketing practices and conducts investigations to protect consumers from misleading claims. They have the authority to take legal action against companies that violate advertising regulations.


Something intended to deceive?

Something intended to deceive is often referred to as a deception or a trick. This can take many forms, such as a lie, fraud, or misinformation, and is typically designed to mislead someone for personal gain or to manipulate a situation. Deceptive practices can occur in various contexts, including advertising, personal relationships, and politics. Ultimately, the intent behind such actions is to create a false perception of reality.


What is the definition of next practice?

The Next practices are the processes/practices which go beyond Best Practices and which are used to take the current status of the organization to a next level in the future


Who is the actress on the current ford employee pricing plus commercials?

Not sure, but I'd take her to pound town for sure!