The company who is keeping prices such a s 299,399 or 999is an example of
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The company which is keeping prices such as 299, 399 or 999 is an example of psychological pricing.
Explanation:
- Researches show that eye-catching prices of commodities increase overall sale. There is always an argument on how should items by tagged with appropriate prices.
- Many companies used round number values as the price of items, but when they tried with a just-below price than the round price, they found that their sales almost doubled.
- This behavior in marketing is called psychological pricing. Here the consumer always takes the prices ending with 9 or identical digits to be way lesser or worth buying.
Read more on Brainly.in
What is psychological pricing?
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