Question 8 • OK-Personal Financial Literacy S1 – EDGNTY-83861 26-27
Clearance, closeout, and liquidation are sales promotions that encourage customers to buy discounted merchandise, often to reduce inventory. Bait and switch is different: it involves advertising an attractive offer and then trying to steer customers toward another product. Therefore, bait and switch is not a legitimate promotional tactic used by a seller.
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