What Was the Initial Reason for Odd Pricing

question 62

Multiple Choice

What was the initial reason for odd pricing?

• A) It offered a limited number of predetermined price points making pricing easier
• B) It saved on distribution costs
• C) It was used to increase traffic flow
• D) It reduced losses due to employee theft of cash
• E) It eliminated confusion when a customer shopped in different locations

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Definitions:

Internal Validity

Refers to the extent to which a study can establish a cause-and-effect relationship between its variables, free of confounding factors.

Natural Experiment

An observational study in which individuals are exposed to different conditions that naturally occur, allowing comparisons without direct intervention by researchers.

Analogue

A person or thing seen as comparable to another, or a process in which non-digital signals behave similar to variable quantities.

Language Deprivation

A lack of adequate exposure to language during the critical period of language acquisition, leading to deficits in language and cognitive development.