Psychological Pricing Strategy Represents a Pricing Strategy That Establishes a Low

question 22

True/False

Psychological pricing strategy represents a pricing strategy that establishes a low price in hopes of attracting a great number of customers and attempts to discourage competitors.

---

Definitions:

Anxiety-Producing Situations

Circumstances or events that trigger feelings of nervousness or fear.

Videoconferencing Technologies

This term refers to the suite of tools, software, and hardware that enable participants to conduct or participate in a conference through the internet, allowing video and audio exchange in real-time.

Job Redesign

The process of altering a job's structure or content to improve satisfaction, efficiency, and productivity among employees.

Job Enlargement

The process of increasing the number and variety of tasks that an individual performs within their job to enhance job satisfaction.