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Bait-and-switch is a form of fraud used in retail sales but also employed in other contexts. First, the merchant "baits" the customer by advertising a product or service at a low price; then when the customer goes to purchase the item, they discover that it is unavailable, and the merchant pressures them instead to purchase a similar but more expensive product ("switching").
Bait-and-switch is a deceptive marketing tactic generally used to lure customers into a store. A company will advertise a product in an attractive way (the bait). The product is not available for some reason, however, and the company will try to sell something more expensive than what was originally advertised (the switch).
Kenneth Roberts [2] proposed the bait-and-switch argument as one of the core characteristics of a new kind of Latin American populism (broad-based and supported by the lower classes, but implementing market-driven policies) of which presidents Alberto Fujimori of Peru (1990–2000) and Carlos Menem of Argentina (1989–99) would be exemplars.
Greene accused the speaker of engaging in "bait and switch" tactics after Johnson released a statement on Tuesday calling on his fellow Republicans to support his plans to include the SAVE Act in ...
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Bait-and-switch; Bank – the use of potentially illegal means to obtain money, assets, or other property owned or held by a financial institution, or to obtain money from depositors by fraudulently posing as a bank or other financial institution. [5] The term applies to actions that employ a scheme or artifice, as opposed to bank robbery or theft.
During his interview with Rogan, Trump said that instead of moving forward with the CHIPS Act, he would have put tariffs on chips coming out of Taiwan, though he didn’t say how much.
In extreme degree, like bait-and-switch, clickbait is a form of fraud. ( Click fraud , however, is a separate form of online misrepresentation which uses a more extreme disconnect between what is being presented in the frontside of the link versus what is on the click-through side of the link, also encompassing malicious code .)