The charm pricing strategy often leads to increase in the sales even though there is no big difference in the pricing of the same product at two different stores.
<h3>What is pricing strategy?</h3>
A strategy that determines the pricing of the goods or services being offered for sale to attract more customers and drive the sales of an organization is known as a pricing strategy.
Charm pricing is such kind of strategy, where the pricing of the product is kept nearest to the closest number, which creates a psychological attraction in the minds of the consumer that he is paying less for such product.
Thus, in the above case, the price of jacket at $149.90 drives more sales than when it is kept as $150 due to the charm pricing strategy.
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Go with a. I'm pretty sure it's already correct.
Answer:
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Explanation:
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Answer:
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