Which of the Following Is True About Odd-Even Pricing

question 19

Multiple Choice

Which of the following is true about odd-even pricing?

• A) Prices are set a few dollars or a few cents below a round number to encourage the customers to think of the products as less expensive.
• B) A percentage is added to the retailer's invoice price to determine the final selling price of the product.
• C) Several products are sold together at a single price to connote value and convenience for customers.
• D) It is used most often to describe the pricing of jobs that are nonroutine and difficult to "cost" in advance.

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Definitions:

Online Poll

A survey conducted over the Internet to collect data or opinions from respondents.

News Source

A news source is an individual, publication, or other entity that provides news and information, playing a crucial role in journalism by offering facts, data, and perspectives on various events or topics.

Probability

The chance or risk of a particular event happening, represented as a fraction of total possible outcomes.

Plastic Arrow

Refers to an arrow made of plastic, often used for indoor archery practice or as a toy.