The example of psychological pricing is:
A company sells a product for $6.99 rather than $7.00.
This pricing strategy is designed to make the price appear lower than it actually is, which can encourage consumers to make a purchase.
Which is an example of psychological pricing?(1 point)
Responses
A business sells a new product at a lower price initially, but raises prices once product has loyal customers.
A business sells a new product at a lower price initially, but raises prices once product has loyal customers.
A business places billboard ads in a heavily populated area of town, hoping to attract more consumers.
A business places billboard ads in a heavily populated area of town, hoping to attract more consumers.
A company offers 40% off with a $60 or more purchase.
A company offers 40% off with a $60 or more purchase.
A company sells a product for $6.99 rather than $7.00.
1 answer
1 answer