Which of the Following Is a Type of Psychological Pricing

question 11

Multiple Choice

Which of the following is a type of psychological pricing strategy?

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

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Definitions:

Voluntarism

The principle or practice of engaging in voluntary actions or services, often without financial compensation.

Social and Economic

Pertaining to the interactions between societal structures and the economic activities within a community or nation.

Canada's Labor Relations

The system and standards that govern the interaction between employers and employees in Canada, including unions and collective bargaining.

Convergence Theory

A hypothesis suggesting that societal and economic systems of different countries will grow more similar over time due to globalized trade and cultural exchanges.