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Vocabulary Quiz 6 Review

AB
psychological pricingtechniques that create an illusion for customers or that make shopping easier for them
odd-even pricingtechnique that involves setting prices that all end in either odd or even numbers
prestige pricingsets higher-than-average prices to suggest status and prestige to the customer
multiple unit pricingsuggests a bargain and helps to increase sales volume
bundle pricingincluding several complimentary products in a package that is sold at a single price
promotional pricinggenerally used in conjunction with sales promotions when prices are lower than average
everyday low priceslow prices set on a consistent basis with no intention of raising
price liningspecial pricing technique that requires a store to offer all merchandise in a given
discount pricingthe seller offers reductions from the usual price
trade discountsthe way manufacturers quote prices to wholesalers and retailers
seasonal discountsoffered to buyers willing to but at a time outside the customary buying season


Marketing Essentials Teacher
Cypress Bay High School

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