If REVO Sets the Price for Its Sunglasses at $240,it

question 103

Multiple Choice

If REVO sets the price for its sunglasses at $240,it is using psychological pricing to convey

• A) thrift.
• B) cost cutting.
• C) value.
• D) prestige.
• E) availability.

---

Definitions:

Vulnerable

Refers to individuals or groups that are more likely to experience harm or adverse effects due to various factors, such as economic, environmental, social, or health-related vulnerabilities.

Distortions

Alterations or misrepresentations of reality or perception.

Status Variable

A variable used in research to classify subjects based on social or professional status, often affecting the subject's perspectives or responses.

Gender Identity

An individual's personal sense of their own gender, which may or may not align with the sex they were assigned at birth.