For some product categories,customers simply have come to expect finding products priced at customary levels.The "expected" prices for such products are referred to as:
A) Price lines.
B) Price points.
C) Standard prices.
D) Promotional prices.
E) Psychological prices.

Question

Quizplus · Accepted Answer

The expected prices for certain products are referred to as price points. These are the customary or standard prices that customers anticipate finding for products within a given category. This phenomenon is commonly seen in products such as razors, toothbrushes, and other consumables. Customers are familiar with the typical prices of these products and may be reluctant to pay significantly more or less than the established price points.

For Some Product Categories,customers Simply Have Come to Expect Finding