Some Retailers Commonly Use Prices That End in Certain Numbers

question 91

Multiple Choice

Some retailers commonly use prices that end in certain numbers. They seem to assume that their customers see prices with these numbers as substantially lower. This is:

• A) odd-even pricing.
• B) demand-backward pricing.
• C) leader pricing.
• D) prestige pricing.
• E) psychological pricing.

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Definitions:

Hosts

Organisms that harbor another organism (parasite, mutualistic symbiont, or commensal) providing nourishment and shelter.

Allopolyploidy

A form of polyploidy where the chromosomes are derived from different species, leading to hybrid organisms.

Reproductively Isolated

A state in which different species or populations cannot interbreed successfully under natural conditions, leading to the development of distinct species.

Species Diversity

A measure of the relative importance of each species within a community; represents a combination of species richness and species evenness.