In Odd-Even Pricing,_____

question 70

Multiple Choice

In odd-even pricing,_____.

• A)prices are set a few dollars or a few cents below a round number to encourage customers to think of the products as less expensive
• B)prices are set exclusively on the cost of the product and historical prices
• C)several products are sold together at a single price to connote value and convenience for customers
• D)a high price is charged to create a signal that the product is exceptionally fine

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Definitions:

Blacks

A term referring to people of African descent, often used in the context of discussing ethnic, cultural, or racial identity and issues.

Indentured Servants

Indentured servants were individuals who agreed to work for a certain number of years in exchange for transportation to the New World and, once they arrived, food, clothing, and shelter.

Chesapeake Colonies

A group of English colonies situated around the Chesapeake Bay, notably Virginia and Maryland, established in the 17th century.

White Colonists

Refers to European settlers in the New World, primarily from England, France, Spain, and the Netherlands, who established colonies in the Americas from the late 15th century onwards.