Psychological pricing is the pricing method that is based on the belief that prices always have psychological effects. Pricing are purposely done in a way to appeal to customers emotion , To achieve this , a common pattern is always employed in the pricing system . It could either be the use of odd numbers for prices or a rhyme decimal figure.
Using two decimal figures and whole numbers by the two stores is an example of psychological pricing system
Psychological pricing also known as price ending, charm pricing is a pricing and marketing strategy based on the theory that prices produces a psychological impact. This involves setting prices as odd prices being a little less than a whole number such as $9.99 or £2.99. It is believed that consumers think that this prices are lower than they actually are.
Job sharing here is a technique whereby the two people share a full-time job responsibilities into a part-time roster to finish off the job one person has been doing in a single full-time job. This redesign technique usually occurs where the workers are looking for a way to reduce their workload without quitting the job entirely or done to give more attention to a loved one at home.
a. Undifferentiated products and variable prices in the various channels.
Explanation:
Horizontal Channel Conflicts arises when there is disagreement between two or more members of the channel. If the toy manufacturer sells toys to toy store and department stores, a possible reason for disagreement could be on variable price among the two channels.
