A Pricing Technique That Sets Prices That Always End in Numbers

question 103

Multiple Choice

A pricing technique that sets prices that always end in numbers like "99" for prices such as $9.99 and $19.99 is an example of:

• A) odd pricing.
• B) price lining.
• C) customized pricing.
• D) zone pricing.

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Definitions:

Differential Economic Success

Variations in the levels of economic prosperity achieved by different groups or individuals, often influenced by factors such as education, social capital, and discrimination.

Ethnic Groups

Communities or populations that share a common cultural background, heritage, language, or religion, and are often distinguished by social, cultural, or national boundaries.

Structural Conditions

The institutional and societal systems, arrangements, and frameworks that shape individual and group behaviors and opportunities.

Multiculturalism

The co-existence of diverse cultures, where culture includes racial, religious, or cultural groups and is manifested in customary behaviors, cultural assumptions and values, patterns of thinking, and communicative styles.