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Beware of JC Penny Fake pricing and do bargain

Postby Yugocean » 14 May 2023, 08:24

A fake pricing strategy is followed in the market. Companies first mark all goods at high prices by presenting themselves as luxury and giving customers a chance to bargain, so that customers feel that they are getting an expensive item cheaply.

This idea is a product of the JC Penny company. In 2012–13, Ron Johnson, as CEO, changed this policy to honestly fixed prices, which made J.C. Penney to lose popularity, the company reinstated the old policy after firing Johnson.

Bargain as much as possible; don't believe the fake price of the item in the market.
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Re: Beware of JC Penny Fake pricing and do bargain

Postby augusta » 14 May 2023, 13:54

Yeah bargaining is a good weapon when you want to save money on all your purchases it should be adopted
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Re: Beware of JC Penny Fake pricing and do bargain

Postby Nsikan » 16 May 2023, 23:41

Even when I want to shop online, I call the e commerce platform and bargain. Nothing is fixed for me. I don't lose anything by bargaining..
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