Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

James decides to price his products in his small hardware store with .95, thinking that customers will perceive a price of $9.95 is much lower

James decides to price his products in his small hardware store with ".95," thinking that customers will perceive a price of $9.95 is much lower than a price of $10. Is this an example of odd pricing ?Why or why not ? Explain

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Electronic Commerce

Authors: Gary Schneider

12th Edition

1305867815, 9781305867819

More Books

Students also viewed these Marketing questions

Question

What other publications/presentations does the person have?

Answered: 1 week ago

Question

Find the radius of convergence of? 1.2.3 1.3.5 (2n-1) r2n+1 -1

Answered: 1 week ago

Question

What were Bitnet and Janet?

Answered: 1 week ago