Timothy Is Experimenting with Boosting the Sales of the Goods

question 196

Multiple Choice

Timothy is experimenting with boosting the sales of the goods in his store by using odd-even pricing, multiple-unit pricing, and reference pricing. These are all examples of ___ pricing strategies.​

• A)​psychological
• B)​status
• C)​luxury
• D)​exemplary

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Definitions:

Coupling Ratio

in engineering, refers to the relationship between the input and output of a system, such as in transformers or gear ratios.

Fluid Couplings

A hydrodynamic device used to transmit rotating mechanical power; it has been used in automobile transmissions as a replacement for a mechanical clutch.

Torque Converter

A fluid coupling device that is used to transfer rotating power from a prime mover, like an engine, to a rotating driven load.

Vortex Flow

A flow pattern characterized by the rotation of fluid in a circular path around an axis.