Many Retailers Use Odd Pricing Because They Believe That Consumers

question 37

True/False

Many retailers use odd pricing because they believe that consumers prefer uneven amounts or amounts that sound less than they really are.

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Definitions:

Taxpayer-funded Schools

Educational institutions primarily funded through taxes collected by the government, offering free or subsidized education to students.

Eighteenth-century

A period marking the 1700s, characterized by significant developments in politics, philosophy, science, and arts, often associated with the Enlightenment.

Scientific Method

A systematic and logical approach to discovering how things in the universe work, involving observation, experimentation, and hypothesis testing.

Enlightenment Thinkers

Philosophers and intellectuals of the 17th and 18th centuries who promoted reason, science, and individual rights as the basis of knowledge and government.