1- Describe the concept of psychological pricing, their intended use and types. expla?n 2-Describe the stages...

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General Management

1- Describe the concept of psychological pricing, their intended use and types. expla?n

2-Describe the stages of the product life cycle with theirproperties. expla?n

3-3. What are the features that distinguish services fromproducts? Is it possible to provide a certain quality standard forservices? Please explain

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psychological pricing It is based on the theory that certain price figures have psychological impactuses the customers emotional response to encourage sales These pricing strategies tend to play to the emotional side of our brain rather than our rational brain uses of psychological pricing Generate more sales Test different pricing tactics Attract buyer attention to targeted items services or ranges Helps to Compete with competitors Create customer loyalty possible flash See Answer

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