Question: Apple offered its iPhone 1 1 for $ 6 9 9 , under the presumption that consumers see the smartphone as priced at something over

Apple offered its iPhone 11 for $699, under the presumption that consumers see the smartphone as priced at "something over $600" rather than "about $700." This is an application of what pricing strategy?
Multiple Choice
customary pricing
below-market pricing
target pricing
prestige pricing
Apple offered its iPhone 11 for $699, under the presumption that

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