Odd Pricing Refers to Which of the Following Practices

question 168

Multiple Choice

Odd pricing refers to which of the following practices?

• A)setting prices based on a statistical analysis of consumer behaviour
• B)varying prices at odd intervals rather than maintaining stable and predictable pricing
• C)charging prices that fall slightly below even dollars and cents, such as charging $5.99 instead of $6.00
• D)charging prices that differ significantly from competitors' prices in order to create an image of prestige and quality

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Definitions:

Current Ratio

A financial metric used to evaluate a company's ability to pay short-term obligations with its short-term assets.

Current Assets

Short-term resources expected to be converted into cash within one year, including cash, inventory, and accounts receivable.

Current Liabilities

Obligations or debts that a company is expected to pay off within one year or within its normal operating cycle, whichever is longer.

Creditor's Decision

The process through which a creditor analyzes the financial stability and creditworthiness of potential borrowers before lending money.