A catalogue retailer offer three styles of khaki pants at three price levels.Customers can buy khaki pants for $26.00,$32.00,or $38.00 and at no other prices but these.The special pricing tactic used by the catalogue retailer is best described as variable psychological pricing.

Question

Quizplus · Accepted Answer

The pricing tactic described is best known as price lining, where a retailer offers a product in several different price points or levels, but each product is at a fixed price within those levels.

A Catalogue Retailer Offer Three Styles of Khaki Pants at Three