Charging Rs. 199 /- is an example of
pricing strategy.
A) psychological
B) sociological
C) economical
D) behavioural
Answers
Answer:
In the diagram, income is measured horizontally and consumption is measured vertically. ... “Thus the consumption function measures not only the amount spent on consumption but also the amount saved. This is because the propensity to save is merely the propensity not to consume.
Answer:
Charging Rs. 199 /- is an example of psychological pricing strategy.
Explanation:
In the question, we have been asked to tell what kind of pricing strategy is charging Rs. 199.
It is psychological.
The sellers basically trick our psychology into thinking that we are buying something in a less amount. Even though the gap between Rs. 199 and Rs. 200 is just 1 rupee, many people who bought that stuff at Rs. 199 thought that at Rs. 200 that stuff was costly.