Why is odd pricing used?
Question:
Why is odd pricing used?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 42% (7 reviews)
Retailers believe that consumer...View the full answer
Answered By
Branice Buyengo Ajevi
I have been teaching for the last 5 years which has strengthened my interaction with students of different level.
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Contemporary Business
ISBN: 9781119905769
4th Canadian Edition
Authors: Louis E. Boone, David L. Kurtz, Michael H. Khan, Brahm Canzer, Rosalie Harms, Peter Moreira
Question Posted:
Students also viewed these Business questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Despite the lack of supportive research, odd numbered pricing is still used in retailing today? Shouldn't gas stations drop those .9 cents from their posted prices and round them to the nearest...
-
1 - Why are historical or past data irrelevant to special decisions? A. Past data require two or more alternative courses of action. Without such alternatives, past data are irrelevant. B. Past data...
-
With a small team of classmates, visit one or more merchandising businesses in your area. Interview a responsible manager of the company to learn about its inventory policies and accounting system....
-
The study of the new CPMP Mathematics methodology described in Exercise 57 also tested students' abilities to solve word problems. This table shows how the CPMP and traditional groups performed. (The...
-
Describe what acts a professional liability policy covers, as well as the risks it does not cover.
-
1. Are the auditors guilty of malpractice? Explain. 2. What defenses are available to Joker & Wild in this case? Explain what they must prove to successfully assert these defenses. 3. Assume you are...
-
1) Find any evidence you can on an internet search that car-washes in California need to worry for their future. 2) Many people like BEVMO for purchasing alcohol and drink-related goods. There may be...
-
Albus was opening a landscaping business and planned on hiring 2 assistants. He advertised in the local newspaper and on an internet job site to find the right employees. Of the applicants, Albus...
-
Visit your local market, hardware store, casual restaurant, or clothing store. How might the business benefit from engaging in e-commerce? What kinds of challenges might it face? If it is already...
-
Shaving subscriptions seem to be a winning proposition, but can Dollar Shave Club win out against behemoth Gillette and smaller player Harrys? Evaluate the websites of each to determine how Dollar...
-
According to Figure 37.7, the energy density of hydrogen compressed to 700 atm is approximately 5.6 MJ/L.Assuming hydrogen behaves as an ideal gas throughout,estimate the energy density of hydrogen...
-
d) Comparing the ideal air standard Otto 4 stroke cycle with the ideal air standard 4 stoke Diesel cycle. i) State how does the thermal efficiency compare when running at the same compression ratio....
-
a Determine the input and output values for modeling a thermal power plant. b. Explain what is done to increase efficiency in power plants. The installed capacity of a thermal power plant is 300MW,...
-
a) b) c) Temperature (C) Label Solidus, Liquidus and Solvus phase boundary in Binary Peritectic Diagram of Fe-Ni in Figure 2. [6 m [3 m [1 m What are the phases present at "c" point? Give ONE (1)...
-
A filter is fitted to a horizontal, cylindrical pipe with a diameter of 0.1m and consists of twenty radial struts. The struts are thin plates orientated in the same direction as that of the flow and...
-
A pressurized container produced from cast iron is closed and sealed at the top with a circular plate cover made of steel. A total of 16 low-carbon martensitic Q&T steel bolts are used to join the...
-
What are the credit risk-adjusted assets in the denominator of the common equity Tier I (CET1) risk-based capital ratio, the Tier I risk-based capital ratio, and the total risk-based capital ratio?
-
Pappa's Appliances uses the periodic inventory system. Details regarding the inventory of appliances at January 1, purchases invoices during the year, and the inventory count at December 31 are...
-
A warehouse can be purchased for $90 000. After 20 years the property will have a residual value of $30 000. Alternatively, the warehouse can be leased for 20 years at an annual rent of $10 000...
-
A car costs $9500. Alternatively, the car can be leased for three years by making payments of $240 at the beginning of each month and then bought at the end of the lease for $4750. If interest is 9%...
-
The B Company has a policy of requiring a rate of return on investment of 16%. Two investment alternatives are available but the company may choose only one. Alternative 1 offers a return of $50 000...
-
Describe how an incentive payment made in one year will affect base pay in the nest year
-
Discuss why calculations of financial projections impact the client's future goals.
-
Business Finance is often associated with the maximisation of shareholder wealth and consideration of other stakeholder perspectives. Investors are constantly concerned about the future returns...
Study smarter with the SolutionInn App