Alex's Knot Shop prices its ties at $5 intervals from $10 to $25 because most customers find these prices appealing and easier to compare. This is:A. prestige pricing.

B. penetration pricing.

C. price lining.

D. odd-even pricing.

E. value in use pricing.

Question

Business

Taniya Rich

5 November, 01:57

Alex's Knot Shop prices its ties at $5 intervals from $10 to $25 because most customers find these prices appealing and easier to compare. This is:A. prestige pricing.

B. penetration pricing.

C. price lining.

D. odd-even pricing.

E. value in use pricing.

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Answers (1)

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Milton Archer · Answer 1

Answer: Option (C)

Explanation:

Here, in this particular case we can state that the following circumstance is an example of price lining. Alex Knot's shop applied the process of price lining, that is also known as product line pricing. It is the marketing process under which the commodities or the services in a particular group are evaluated at the unlike price.

Alex's Knot Shop prices its ties at $5 intervals from $10 to $25 because most customers find these prices appealing and easier to compare. This is:A. prestige pricing.B. penetration pricing.C. price lining.D. odd-even pricing.E. value in use pricing.

Alex's Knot Shop prices its ties at $5 intervals from $10 to $25 because most customers find these prices appealing and easier to compare. This is:A. prestige pricing.

B. penetration pricing.

C. price lining.

D. odd-even pricing.

E. value in use pricing.