ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
CULTURAL DIFFERENCES AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of these are NOT considered psychological pricing?
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Odd/even Pricing
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Prestige Pricing
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Seasonal Pricing
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Promotional Pricing
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Explanation:
Detailed explanation-1: -Based on discussions in class, which of the following IS NOT an example of psychological pricing? Cost-based pricing.
Detailed explanation-2: -An example of psychological pricing is an item priced at $3.99 is conveyed by the consumer as 3 dollars and not 4 dollars, treating $3.99 as a much lower price than $4.00. This is a psychological pricing definition, sometimes called Charm Pricing.
Detailed explanation-3: -Charm pricing and odd-even pricing. Slashing the MSRP. Artificial time constraints. Innumeracy. Price appearance. Flat-rate bias. 16-Nov-2021
There is 1 question to complete.