The Strategy of Setting Prices at Uneven Amounts That Are

question 90

Multiple Choice

The strategy of setting prices at uneven amounts that are slightly below an even or whole number of dollars is called

• A) penetration pricing.
• B) price skimming.
• C) sample pricing.
• D) introductory pricing.
• E) odd-number pricing.

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Definitions:

Goods Sold

The total quantity of goods a company has sold to its customers during a specific period, typically reported in sales revenue figures.

Cost of Goods Available

The total cost of all goods a company has available for sale at the end of a period, including both beginning inventory and goods produced or purchased during the period.

Schedule

A timetable for when events are to happen or tasks are to be completed.

Total Manufacturing Cost

The sum of all costs directly related to the production of goods, including raw materials, direct labor, and manufacturing overhead.