Question
For which of the following products would an even-pricing strategy be most appropriate?
(1 point)
Responses
carton of eggs
carton of eggs
haircare products
haircare products
athletic T-shirt
athletic T-shirt
custom fine jewelry
(1 point)
Responses
carton of eggs
carton of eggs
haircare products
haircare products
athletic T-shirt
athletic T-shirt
custom fine jewelry
Answers
GPT-4o mini
An even-pricing strategy would be most appropriate for a **carton of eggs**. This strategy often involves pricing items at whole numbers (e.g., $2.00 rather than $1.99) to simplify the pricing mechanism for consumers and create a perception of straightforwardness or value. For everyday items like eggs, this approach aligns well with customer expectations for basic necessities.
In contrast, products like haircare products, athletic T-shirts, or custom fine jewelry might benefit more from psychological pricing or premium pricing strategies.
In contrast, products like haircare products, athletic T-shirts, or custom fine jewelry might benefit more from psychological pricing or premium pricing strategies.