EBK MARKETING
EBK MARKETING
10th Edition
ISBN: 9780135209783
Author: Stuart
Publisher: YUZU
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Chapter 10, Problem 15QA
Summary Introduction

To explain: The psychological aspects of pricing.

Introduction: For customers, price is not only an amount which is being paid for a commodity or a service rather this single term has many different meanings. The customers often associate higher price to good quality and lower price to cheaper quality. Such behavior of the consumers are the psychological aspects of pricing.

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