Question: Pricing a house at $ 6 9 9 , 0 0 0 instead of $ 7 0 0 , 0 0 0 to make customers

Pricing a house at $699,000 instead of $700,000 to make customers view the price as in the range of $600 hundred thousand rather than of the $700 hundred thousand is an example of:
psychological pricing
red-line pricing
minimized pricing
price lining
deception pricing
 Pricing a house at $699,000 instead of $700,000 to make customers

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!