"Psychological Pricing" Involves Setting Prices Which End in Certain Numbers

question 141

True/False

"Psychological pricing" involves setting prices which end in certain numbers, while "odd-even pricing" is setting prices which have special appeal to target customers.

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Definitions:

Individual

Refers to a single person or entity, distinguished from a group or collective.

Person's Motives

The underlying reasons or intentions that drive an individual's actions or decisions.

Reflected Behavior

Actions or reactions that mirror or are influenced by the behavior of others, often observed in social settings.

Emotive Style

A way of communicating or expressing oneself that is characterized by the exhibition of emotions and feelings.