Final answer:
The practice described is known as a bait and switch tactic, which is different from bundle pricing, a legitimate strategy where products are sold in packages at a discounted rate.
Step-by-step explanation:
The scenario described where a Home furniture store advertises bedroom suites at a "special low price" that they do not actually have available for sale, but instead offers more expensive items once consumers express interest, constitutes a bait and switch tactic. This is a deceptive marketing practice where a seller attracts customers with a low-priced item and then pressures them into buying a higher-priced one. We can contrast this with bundle pricing, which is a legitimate strategy where businesses sell a set of products or services together at a lower rate than they would cost if purchased individually.
To illustrate bundle pricing, cable companies sometimes offer products such as cable, internet, and phone service collectively at a discounted price, enticing customers to acquire multiple services together rather than separately.