Solved

Some Retailers Feel That Their Potential Customers Find Certain Prices

Question 201

Multiple Choice

Some retailers feel that their potential customers find certain prices appealing but that prices within certain ranges are seen as roughly the same,and thus price cuts within a given range will not increase the quantity sold (i.e.,the demand curve is vertical within these "same price" ranges) .These retailers would probably use ________ if they want to maximize profit.


A) average-cost pricing
B) bait pricing
C) leader pricing
D) prestige pricing
E) psychological pricing

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents