Pricing a Product at $399

question 138

Multiple Choice

Pricing a product at $399.99 instead of $400 to make the customer view the price as in the $300 range instead of the $400 range is an example of which of the following?

• A) price lining
• B) odd-even pricing
• C) minimized pricing
• D) red-line pricing

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Definitions:

Autobiographies

Written accounts of one's own life, often used in psychological studies to understand personality development and life experiences.

Historical Information

Recorded or gathered data about past events and conditions relevant to a particular subject or field.

Client's Memory

Refers to the recall and retention abilities of a client, often assessed in therapeutic or clinical settings.

Situational Test

A type of assessment designed to measure a person's responses and behaviors in simulated environments or scenarios that mimic real-life situations.