What Was the Initial Reason for Odd Pricing

question 119

Multiple Choice

What was the initial reason for odd pricing?

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

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Definitions:

Investment Projects

Initiatives undertaken by businesses or individuals to invest capital with the expectation of generating financial returns over time.

Catering Business

A service-based industry that provides food preparation, cooking, and presentation services for events and gatherings.

Discount Rate

The discount rate that adjusts future cash flows to present value, accounting for the time value of money and associated risks.

Net Present Value

A financial metric that estimates the profitability of an investment, calculated by summing the present values of expected future cash flows and subtracting the initial investment cost.