APPROVED SCHOLARS

Does the firm use psychological pricing?

For this discussion, go online to a store and note the prices for different types of products. Please do NOT use the following sites: Amazon, Jet, eBay (and other sites that offer the same product from multiple sellers).
Does the firm use psychological pricing? Product line pricing? Note any pricing strategies you can identify. Do any of these strategies make you prefer the site over a competitor’s site?
As always, please use APA format to cite any references (both in-text and end-of-text).

Sample Solution

Psychological pricing is a strategy that involves setting prices based on the psychological perception and behavior of consumers. For example, using prices that end in .99 or .95, known as “charm pricing,” is a common psychological pricing strategy. This strategy creates the perception of a lower price, even if the difference is minimal.

Need Help Writing an Essay?

Tell us about your paper and we will find the best writer for your essay.

Write My Essay For Me

Product line pricing is a strategy where different prices are set for different products within the same product line. For example, offering basic, standard, and premium versions of a product at different price points. This strategy allows the retailer to capture different segments of customers with different price sensitivities.

Other pricing strategies that online stores may use include discount pricing, bundle pricing, promotional pricing, and dynamic pricing. Discount pricing involves offering products at a reduced price, often for a limited time, to incentivize purchases. Bundle pricing involves offering products or services as a package deal at a discounted price compared to purchasing them individually. Promotional pricing involves offering temporary discounts or promotions to encourage purchases. Dynamic pricing involves adjusting prices in real-time based on factors…GET A COMPREHENSIVE ANSWER HERE

SOURCE: APPROVEDSCHOLARS.COM
APPROVEDSCHOLARS – PLACE YOUR ORDER HERE: https://www.approvedscholars.com/place-order/

BEST-ESSAY-WRITERS-ONLINE

Havent found the Essay You Want?
We Can Assist
The Paper is Written from Scratch Specifically for You
Order Now

    WHY APPROVEDSCHOLARS.COM

  • Confidentiality & Authenticity Guaranteed
  • Plagiarism Free Content Guarantee
  • APPROVEDSCHOLARS Guarantee Timely Delivery of All Papers
  • Quality & Reliability
  • Papers Written from Scratch and to Your Instructions
  • Qualified Writers Only
  • APPROVEDSCHOLARS Allow Direct Contact With Your Writer
  • Using APPROVEDSCHOLARS.COM Means Keeping Your Personal Information Secure
  • 24/7 Customer Support

GET QUALITY ESSAY HELP AT: https://www.approvedscholars.com/

ORDER A PAPER WRITTEN FROM SCRATCH AND TO YOUR EXACT INSTRUCTIONS (APPROVEDSCHOLARS.COM – For 100% Original Content)

PLACE YOUR ORDER
Share with friends