________ Uses Price Points to Establish Prices That Help Create

question 255

Multiple Choice

________ uses price points to establish prices that help create the impression that the product is less expensive than it is.

• A) High-low pricing
• B) Everyday low pricing (EDLP)
• C) Bundling
• D) Psychological pricing

---

Definitions:

Folkway

A folkway is a customary social behavior that is informally enforced in a society, representing the everyday norms and practices.

Pedophilia

A psychiatric disorder characterized by an adult's sexual attraction to prepubescent children.

Child Abuse

refers to any physical, emotional, sexual harm, or neglect inflicted upon a child by a caregiver or another person.

Sanctions

Penalties or rewards for conduct concerning a social norm to maintain social order.