Dag Runs a Hardware Store

question 70

Multiple Choice

Dag runs a hardware store. He learned that customers process the price of $9.99 as significantly lower than the price of $10.00 because of the reduced digit count in the price point. Accordingly, he follows this rule to set up the prices for all products. Dag uses a ________ strategy.

• A) psychological pricing
• B) one-price strategy
• C) variable pricing
• D) everyday low pricing (EDLP)
• E) high/low pricing

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Definitions:

Democide

The murder of any person or people by a government, including genocide, politicide, and mass murder.

United States

A country located primarily in North America, known for its significant influence on global politics, economy, and culture.

White Collar Crimes

Non-violent crimes committed by individuals, businesses, or government officials, involving deceit or corruption, often for financial gain.

Prosecuted

Refers to being officially charged and tried in court for a crime.