Odd-Even Pricing Is

question 136

Multiple Choice

Odd-even pricing is

• A) a cost-based strategy.
• B) competition based.
• C) a rarely used technique.
• D) a psychological pricing strategy.
• E) a form of unethical pricing.

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Definitions:

Goal-Setting Theory

A theory that emphasizes the importance of setting specific, measurable, achievable, relevant, and time-bound goals to enhance motivation and performance.

Higher-Order Factor

A concept in psychology and statistics referring to a underlying variable that influences several other directly observable variables.

Mechanisms

Processes or structures within systems that contribute to producing particular outcomes, behaviors, or effects.

Motivating

The process of stimulating interest or enthusiasm in someone to inspire them to take action or engage in a specific behavior.