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Myra has a terrible habit of interrupting others when they are talking, and last month, she decided to do something about it.She started by using a method she saw someone on TV use: snapping a rubber band on her wrist whenever she interrupted.That didn't seem to be working, so she quickly switched to using visualization techniques.After a few more days, she decided that didn't seem to help either.She is beginning to think she should just give the whole thing up! Myra is being hindered in reaching her goal mostly by:
Price Lining
Grouping product prices into ranges, such as low-, medium-, and high-priced items.
Pricing Tactic
Strategic approaches used to set prices for products or services to achieve business objectives.
Prestige Pricing
Psychological pricing strategy used with goods whose quality is difficult to determine by inspection or for products about which consumers have little solid information.
Price Skimming
Setting the price of a new product higher than expected to recover development costs.
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