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Explanation:
When a store advertises a product at a low price but tells the consumer it is sold out and offers a more expensive product, this is known as a bait-and-switch pricing strategy In this strategy, the store lures customers into the store with the promise of a low-priced product, but then tries to persuade them to buy a more expensive alternative . The store may claim that the advertised product is sold out or unavailable, pushing the customer towards the higher-priced option.
It's important to note that bait-and-switch tactics are generally considered deceptive and unethical . In many jurisdictions, such practices are illegal and can result in penalties for the store Consumers should be cautious when encountering such strategies and may consider reporting any instances of bait-and-switch to relevant consumer protection authorities.
