Large discount stores often establish the price ____,or retail price of the product.This is determined by considering the price of competitive products,what customers are accustomed to paying,and the psychological effect of the pricing.
A) benchmark
B) hypothesis
C) property
D) point

Question

Quizplus · Accepted Answer

The price point refers to the established retail price of a product based on various factors such as competition, customer expectations, and psychological pricing strategies. Therefore, option D is the best answer choice. Option A (benchmark) refers to a reference point for comparison, option B (hypothesis) is an assumption or prediction, and option C (property) does not relate to the concept of pricing.

Large Discount Stores Often Establish the Price ____,Or Retail Price