Question: Dag runs a hardware store. He learned that customers process the price of $ 9 . 9 9 as significantly lower than the price of

Dag runs a hardware store. He learned that customers process the price of $9.99 as significantly lower than the price of $10.00 because of the reduced digit count in the price point. Accordingly, he follows this rule to set up the prices for all products. Dag uses a ________ strategy.
Group of answer choices
psychological pricing
one-price strategy
high/low pricing
everyday low pricing (EDLP)
variable pricing

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