Creating a Perception About Price Merely from the Image the Numbers

question 38

Multiple Choice

Creating a perception about price merely from the image the numbers provide the customer demonstrates ___________________.

• A)Psychological pricing
• B)One-price strategy
• C)Variable pricing
• D)Everyday low pricing (EDLP)
• E)High/low pricing

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Definitions:

Stranger Anxiety

A form of distress that children experience when exposed to strangers, typically emerging around 6 to 12 months of age.

Object Permanence

The concept that objects maintain their existence beyond our sensory perception, remaining present even when not directly observed.

Conservation

The understanding that certain properties of physical objects or substances remain the same even when their appearance changes.

Egocentrism

A cognitive characteristic where an individual interprets the world solely from their own perspective, often failing to recognize that others may have different views and feelings.