Doug Runs a Hardware Store

question 71

Multiple Choice

Doug runs a hardware store.He learned that customers process the price of $9.99 as significantly lower than the price of $10.00 because of the reduced digit count in the price point.Accordingly,he follows this rule to set up the prices for all products.Doug uses _____.

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

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Definitions:

Text

In computing and digital communications, it refers to any data in the form of alphanumeric characters or readable symbols that conveys information.

Piracy

The unauthorized use or reproduction of copyrighted material, such as software, music, films, or books.

Software Licenses

Legal agreements that grant users the right to use software according to specific terms and conditions.

Firms

Businesses or organizations engaged in commercial, industrial, or professional activities.