What is psychological pricing and how is it used by sellers? Give an example.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
Psychological pricing involves adjusting prices for psychological ef...View the full answer
Answered By
Mario Alvarez
I teach Statistics and Probability for students of my university ( Univerisity Centroamerican Jose Simeon Canas) in my free time and when students ask for me, I prepare and teach students that are in courses of Statistics and Probability. Also I teach students of the University Francisco Gavidia and Universidad of El Salvador that need help in some topics about Statistics, Probability, Math, Calculus. I love teaching Statistics and Probability! Why me?
** I have experience in Statistics and Probability topics for middle school, high school and university.
** I always want to share my knowledge with my students and have a great relationship with them.
** I have experience working with students online.
** I am very patient with my students and highly committed with them
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Marketing questions
-
1. Which of the different product mix pricing strategies discussed in the text applies best to Paylesss new strategy? Discuss this in detail. 2. How do concepts such as psychological pricing and...
-
Cite a local example of psychological pricing and evaluate whether it makes sense.
-
One psychological pricing tactic is just-below pricing. It is also called 9-ending pricing because prices usually end in the number 9 (or 99). In a small group, have each member select five different...
-
Marsden Corp has developed a new strategic plan after rushing defective products to market hurt the company's sales and image. The strategic plan's initiatives are to focus on quality and develop...
-
Accumulated other comprehensive income relations Selected information based on the comparative balance sheets for Solaronx Company (Solaronx), a U.S. defense manufacturer, appears in the following...
-
Draw the waveform for the current in a 12-uF capacitor when the capacitor voltage is as described in Figure 5.16 12 10 16 Kus) Figure P5. 16
-
Take a specific sector with which you are familiar (events, hospitality, or tourism) and consider what opportunities exist for outsourcing and what the implications of this might be.
-
Gosnell Company produces two products: squares and circles. The projected income for the coming year, segmented by product line, follows: The selling prices are $30 for squares and $50 for circles....
-
QUESTION 20 The standard cost card of a particular product specifies that it requires 4.7 direct labor-hours at $12.85 per direct labor-hour. During March, 2,450 units of the product were produced...
-
The Ploughman family owns and operates a 640-acre farm that has been in the family for several generations. The Ploughmans always have had to work hard to make a decent living from the farm and have...
-
Develop a list of the products you buy from a grocery store, dollar store, or convenience store where one of two things has occurred: The price has increased or the quantity in the package has...
-
Bridgestone Corporation, the world's largest tire and rubber producer, recently agreed to plead guilty to price-fixing along with 25 other automotive suppliers. What is price-fixing? Discuss other...
-
The 2014-T6 aluminum rod AC is reinforced with the firmly bonded A992 steel tube BC. When no load is applied to the assembly, the gap between end C and the rigid support is 0.5 mm. Determine the...
-
The auditor's standard report contains standardized wording. Listed below are the sentences in the standard report. 1. We conducted our audit in accordance with generally accepted auditing standards....
-
a. What recommendations regarding internal control were made by the National Commission on Fraudulent Financial Reporting? b. What is COSO, what were the two principal purposes of its efforts...
-
a. What is a flowchart? b. What essential components of a system should be displayed in a flowchart?
-
What is a. A 10-K? b. A 10-Q? c. An 8-Ke
-
Four tests have been used by various courts in common-law decisions to determine which third-party users can successfully bring a suit against the auditor for negligence. Identify each of these...
-
Fordson Bank operates a branch in a relatively small rural community. Fordson has a strong customer service focus and knows that branch visits can be important in fostering a reputation for good...
-
Prepare a stock card using the following information A company is registered for GST which it pays quarterly, assume GST was last paid on the 30th of June 2019. It uses weighted average cost...
-
What factors influence the prices a company charges in different countries?
-
Why would a company consider increasing its price? What precautions must be taken to avoid being perceived as a price gouger?
-
Identify three price-comparison shopping Web sites and shop for a specific model of a digital camera on all three sites. Compare the price ranges given at each site. Based on your search, determine a...
-
Bristol Syrup Company Ltd (BSC) makes a unique syrup using cane sugar and local herbs. The syrup is sold in small bottles and is prized as a flavouring for drinks and for use in desserts. The bottles...
-
Casey Nelson is a divisional manager for Pigeon Company. His annual pay raises are largely determined by his divisions return on investment (ROI), which has been above 23% each of the last three...
-
Exercise 3-8 An employee in Manitoba has use of a company owned automobile for the entire 2024 year. The following information is available: Total cost of the vehicle: ???$29,000 plus 13% GST & RST ...
Study smarter with the SolutionInn App