How Is Psychological Pricing Different from Discounting

question 10

Essay

How is psychological pricing different from discounting?

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Definitions:

Automated Vehicles

vehicles equipped with technology that allows them to navigate and operate without human input.

IoT Communications

The exchange of data and information between Internet of Things (IoT) devices and systems over various communication protocols.

Bluetooth

A wireless technology standard for exchanging data over short distances between fixed and mobile devices, creating personal area networks.

NFC

Near Field Communication, a set of communication protocols that enable two electronic devices, one of which is usually a portable device such as a smartphone, to establish communication by bringing them within 4 cm of each other.