All of the Following Are Psychological Techniques Except

question 110

Multiple Choice

All of the following are psychological techniques except

• A) customary pricing.
• B) prestige pricing.
• C) reference pricing.
• D) odd-even pricing.
• E) price skimming.

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Definitions:

Total Revenue

The total amount of money received by a company from its sales of goods or services.

Demand

The desire of purchasers, consumers, or clients for a particular good or service coupled with the ability to pay for it.

Cross-Price Elasticity

A measure of how the quantity demanded of one good responds to a change in the price of another good, indicating the relationship between the two products.

Peanut Butter

A food paste made primarily from ground dry roasted peanuts, often spread on bread or eaten with other foods.