Which Type of Pricing Means Pricing at Odd-Numbered Prices to Connote

question 49

Multiple Choice

Which type of pricing means pricing at odd-numbered prices to connote a bargain and pricing at even-numbered prices to imply quality?

• A) bait pricing
• B) price bundling
• C) 1-2 pricing
• D) odd-even pricing
• E) two-part pricing

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Definitions:

Purchase Price

The amount of money paid to buy a good or service. In accounting, it refers to the cost at which an asset is acquired.

Business Site

The physical location or online presence where a company conducts its operations or business activities.

Fixed Asset Turnover Ratio

A financial metric that shows how efficiently a company uses its fixed assets to generate sales, calculated by dividing net sales by average net fixed assets.

Labor Intensive

Describes production processes or industries that require a large amount of labor relative to capital to produce goods or services.