Price lining is generally a more effective pricing tactic than psychological pricing.

Name: Price lining is generally a more effective pricing tactic than psychological pricing.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Price lining and psychological pricing are different strategies, each effective in different contexts. Price lining involves setting distinct price points for different product levels, while psychological pricing uses pricing tactics like $9.99 to influence perception. Effectiveness depends on the market and consumer behavior.

Price Lining Is Generally a More Effective Pricing Tactic Than