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:

Sexual Fantasies

Imaginative thoughts or daydreams about sexual activities or experiences, which can vary widely among individuals.

Sexual Abuse

Sexual abuse refers to non-consensual sexual activity or behavior imposed on one individual by another.

Psychodynamic Theory

A perspective in psychology that emphasizes unconscious processes and childhood experiences in shaping personality and behavior.

Neurotic Behavior

Patterns of thought, feeling, or behavior characteristic of people experiencing emotional distress or mental illness.