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Using the Odd-Even Psychological Pricing Strategy,a Restaurant Would Price an Entree

question 43

True/False

Using the odd-even psychological pricing strategy,a restaurant would price an entree at $10.00 rather than $9.95.


Definitions:

Procurement

The process of obtaining goods, services, or works from external sources, often via tendering or bid process, to fulfill a need or requirement.

Corporate Social Responsibility

A business approach that contributes to sustainable development by delivering economic, social, and environmental benefits for all stakeholders.

Formal Policy Statement

An official document that outlines an organization's policies, procedures, and guidelines on specific issues.

Public Accountability

The obligation of organizations or individuals to explain their decisions and actions to the public and to take responsibility for them.

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