"Psychological Pricing" Involves Setting Prices Which End in Certain Numbers

question 141

True/False

"Psychological pricing" involves setting prices which end in certain numbers, while "odd-even pricing" is setting prices which have special appeal to target customers.

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Definitions:

Psychoanalytic Theories

A set of theories which focus on the unconscious mind and the importance of childhood experiences in shaping personality and behavior.

Humanistic

A psychological perspective that emphasizes the study of the whole person and the uniqueness of each individual's experience.

Difficult To Test

Describes something that poses challenges or complications when trying to evaluate, measure, or examine its properties or effects.

Unconditional Positive Regard

A concept in psychology where an individual is accepted and loved by another without any conditions or limitations.