Describe the Following Pricing Methods: Cost-Based Pricing, Odd-Even Pricing, Prestige

question 173

Essay

Describe the following pricing methods: Cost-based pricing, odd-even pricing, prestige pricing, skimming pricing, demand-based pricing, target costing and penetration pricing.

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Definitions:

Sociology Major

An academic discipline focused on the systematic study of society, social relationships, and social interaction.

Psychology Major

An academic program focusing on the study of the mind, brain, and behavior, preparing students for careers in psychology, research, therapy, or counseling, among other fields.

Skepticism

The attitude of doubting the validity of something until solid evidence is presented.

Scientific Research

A systematic and organized attempt to investigate specific questions and propose explanations based on gathered evidence.