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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

For what types of products are psychological pricing strategies most likely to be used?

Summary Introduction

To determine: The types of products in which psychological pricing strategies are most likely to be used.

Introduction: A pricing strategy considers portions, capacity to pay, economic situations, contender activities, trade margins and contribution costs, among others.

Explanation

The types of products in which psychological pricing strategies are most likely to be used are as follows:

Since psychological pricing procedures are utilized t...

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