Which pricing strategy was first widely implemented by Macy's in the 1880s to give customers the impression they were receiving a bargain, and is now used by retailers worldwide?

In the world of retail pricing strategy, psychological tactics play a crucial role in consumer decision-making. One particular pricing approach has become ubiquitous in modern retail, appearing everywhere from grocery stores to luxury boutiques. This pricing technique leverages subtle psychological effects to make products appear less expensive than they actually are. Test your knowledge about this influential pricing strategy that has shaped consumer behavior for decades.

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Charm pricing (prices ending in 9, like $19.99)
Bundle pricing (buy one get one free)
Prestige pricing (deliberately high prices to indicate quality)
Dynamic pricing (prices that change based on demand)