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From course:

PH 42

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Question:

Companies set their price at 863 or numbers that has round surfaces. (example 863 or 9 or even numbers/ round numbers because they have soothing effect to the eyes, compared with angular effect 7 4 or 5 that is not soothing in the eyes) Set bargained price. (i.e., P599.95, the human perceived it as P500)

Author: LEIGHTON DWIGHT OBILLOS



Answer:

Psychological Pricing strategy


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