What Is a Classroom System of Earning Tokens to Redeem

question 8

Multiple Choice

What is a classroom system of earning tokens to redeem for a reward is frequently called?

• A) Banking
• B) Token Economy System
• C) In and Out
• D) The Good Behavior Game

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Definitions:

Odd Pricing

Psychological pricing strategy in which goods are priced at, say, $9.99 rather than $10.00 in the belief that the price will seem lower than it really is.

Prestige Pricing

A pricing strategy where goods are priced higher than market averages to evoke a sense of luxury or exclusivity.

Reference Pricing

Reference pricing is a pricing strategy wherein the price of a product is determined relative to the price of similar products or a benchmark in the market.

Penetration Pricing

A pricing strategy where the price of a product is set lower than the competitors' to gain market share rapidly.