Which of the Following Is a Type of Psychological Pricing

question 18

Multiple Choice

Which of the following is a type of psychological pricing strategy?

• A) Cost-plus pricing
• B) Rate-of-return pricing
• C) Markup pricing
• D) Prestige pricing

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Definitions:

Aggregate Plan

A plan that includes forecast levels for families of products of finished goods, inventory, shortages, and changes in the workforce.

Master Production Schedule

A plan for individual commodities to be produced in each time period, serving as a link between production planning and manufacturing.

Lot-For-Lot

A lot-sizing technique that generates exactly what is required to meet the plan.

Set Up Cost

Expenses associated with preparing equipment or facilities for a task, such as a production run or a new process.