Question

A single jar of original formula Carmex has different prices for the product depending upon where it is sold, but each price will end in a nine ($0.99 at mass merchandisers like Walmart or Target; $1.59 at drugstores; and $1.79 at grocery stores). This pricing strategy is called:_________
A) standard pricing.B) odd-even pricing.C) customary pricing.D) everyday lower pricing.E) at-market pricing.

Answer 1

Answer:

B

Explanation:

Odd even pricing is a psychological technique where the price of a product always ends in an odd number. This is based on the belief that consumers find this type of prices more appealing.

At market pricing strategy is when the price of a good is based on the price of similar goods selling in the market.

Customary pricing is when the price chosen for a good or service is the price that consumers associate with the product

everyday lower pricing is when the seller charges a lower price everyday over an extended period of time