_____ Is an Example of a Psychological Pricing Strategy

question 48

Multiple Choice

_____ is an example of a psychological pricing strategy.

• A)Cost-plus pricing
• B)Odd-even pricing
• C)Markup pricing
• D)Rate-of-return pricing

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Definitions:

Bereavement

The state of loss and mourning experienced after the death of a loved one.

Posttraumatic Stress Disorder

A mental health condition triggered by experiencing or witnessing a terrifying event, leading to symptoms such as flashbacks, avoidance, and severe anxiety.

Defense Mechanisms

Psychological strategies used unconsciously by individuals to protect themselves from anxiety by denying or distorting reality.

Low-Income Groups

Social and economic classification for individuals or families with significantly lower income levels compared to the average in a society.