Price lining, which clumps prices together so that a perception of substantially increased quality is created, is called________.

Name: Price lining, which clumps prices together so that a perception of substantially increased quality is created, is called________.
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Question

Quizplus · Accepted Answer

Price lining is a form of psychological pricing where products are grouped into different price ranges to create a perception of quality differences among them, influencing consumer purchasing decisions based on perceived value.

Price Lining, Which Clumps Prices Together So That a Perception