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:
Verified
Q197: Which of the following statements is true
Q198: A firm in monopolistic competition with a
Q199: An automobile manufacturer charges a higher price
Q202: Gabriella Sax believes that customers in her
Q203: Marci,a student,is used to paying $1.25 for
Q205: A retail store advertises an SLR digital
Q208: Consumers are more likely to be price
Q214: Which of the following applies to "value
Q225: Some retailers commonly use prices that end
Q229: A retailer who advertises a low price
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents