Odd-Even Pricing Refers to

question 235

Multiple Choice

Odd-even pricing refers to

• A)setting prices one way for product lines and another way for individual brands.
• B)setting prices of luxury items at even price points and setting the price of necessities at odd price points.
• C)setting prices a few dollars or cents under an even number.
• D)adding a fixed percentage to the cost of all items in a specific product class.
• E)offering retailers "baker's dozens," thirteen items for the price of twelve to encourage larger purchase orders.

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Definitions:

Subdivisions

In real estate, this refers to the act of dividing land into pieces that are easier to sell or otherwise develop.

Cash Discount

A reduction in the price paid for goods or services offered to customers as an incentive for early payment.

Annual Insurance

The total cost of insurance coverage for an entity or individual for a one-year period.

List Price

The advertised or published price of a product or service before any discounts or deductions are applied.