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The relation between perceived size and perceived distance, whereby the perceived size of an object depends on its perceived distance, and the perceived distance of an object may depend on its perceived size, is known as ______.
Penetration Pricing Strategy
A strategy where a company sets the price of a product very low to get customers to try it.
Market Share
The portion of a market controlled by a particular company or product, often expressed as a percentage of total sales in that market.
Skimming Pricing Strategy
A pricing approach where a relatively high price is set for a new product or service at its launch to maximize profitability before aiming at more price-sensitive customers.
Odd Pricing Strategy
A pricing strategy where prices are set slightly below a round number, e.g., $19.99, to make products appear less expensive.
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