In Odd-Even Pricing, _____

question 75

Multiple Choice

In odd-even pricing, _____.

• A) prices are set a few dollars or a few cents below a round number to encourage the 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:

Do Not Call Registry

A national list managed by the U.S. government where individuals can register their telephone numbers to restrict unsolicited telemarketing calls.

No Set Expiration Date

A term indicating that a contract or agreement does not have a predetermined end date.

Flammable Fabrics Act

The Flammable Fabrics Act is a federal law that regulates the manufacture and sale of highly flammable clothing and household fabrics to ensure public safety.

Product Labeling

The practice of attaching information to products to inform consumers about its use, manufacturer, ingredients, etc.