According to the text, having customers pay by the ounce for items purchased from sandwich or salad bars is an example of: Group of answer choices actual cost pricing sociocultural factor pricin pricing psychology product marketing

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wisdommoss9331 wisdommoss9331

07-02-2020
Business

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According to the text, having customers pay by the ounce for items purchased from sandwich or salad bars is an example of: Group of answer choices actual cost pricing sociocultural factor pricin pricing psychology product marketing

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BenitoMarin BenitoMarin · Answer 1 · 2020-02-10T07:24:08+01:00

Answer:

The correct answer is letter "C": pricing psychology.

Explanation:

Pricing psychology usually refers to sellers providing consumers with prices that are slightly lower than the price at what they want to offer their products. The typical example of this practice is by placing a $1,000 item a tag price for the amount of $999.99 because there is a belief that by doing that consumers feel they are paying much less than $1,000.