Question

A retail store advertises an SLR digital camera for $350. Once bargain hunters come to the store, salespeople point out the disadvantages of the low-priced camera and try to convince them to trade up to a better, and more expensive, unit. This is an example of

Bait pricing
Psychological pricing
Odd-even pricing

Answer 1

Bait Pricing

Step-by-step explanation:

Based on the scenario being described within the question it can be said that this is an example of Bait Pricing. This term refers to an advertising strategy which is used by companies in order to attract potential customers by convincing them that they will be paying less for a products that actually costs more. Which is what the retailer store is doing by offering a $350 camera to get people into the store, but then convince them that it is not worth it and up-sell them on newer models.