Bait and Switch Pricing

(redirected from bait and switch)
Also found in: Dictionary, Thesaurus, Legal, Acronyms, Idioms, Encyclopedia, Wikipedia.

Bait and Switch Pricing

A practice in which a retailer advertises exceptionally low prices for its products to attract customers and, later, when the customer asks, claims the products are out of stock or unavailable for some other reason. This forces the customer either to leave or to pay higher prices. Because this is considered an unfair business practice, bait and switch pricing is illegal. The advertisements promoting these artificially low prices are called bait ads.
References in periodicals archive ?
The researchers then examined how the cuckoo manages "a bit of bait and switch," as Douglas W.
CUI complains that Critel has a prohibited organizational conflict of interest (OCI) and engaged in an improper "bait and switch," and that the agency was biased in favor of Critel.
* Don't try to "bait and switch." Don't sign on with a recruiter to get information about a position--and then use it to land the job yourself.
With the "bait and switch" tactic, for instance, scientists take an antigen with, say, a positively or negatively charged amino acid (the bait charge) at its binding site, and use it to elicit mouse antibodies with an oppositely charged amino acid (the switched charge) at their binding sites.