In retail pricing strategy, which psychological pricing technique was found to increase sales by an average of 24% compared to nearby round numbers, according to Cornell University research?

In the competitive world of retail, pricing strategies can make or break your product's success. Smart retailers understand that pricing isn't just about covering costs and margins—it's about psychology, perception, and strategic positioning. This trivia question tests your knowledge of one particularly effective pricing tactic that has been proven to influence consumer behavior and purchase decisions.

This is a live public trivia poll on AIPolls.Net. Vote and see real-time results.

• Charm pricing (prices ending in .99 or .95)
• Prestige pricing (deliberately high prices to convey quality)
• Bundle pricing (multiple products sold together at a discount)
• Dynamic pricing (adjusting prices based on real-time demand)

Powered by AIPolls.Net — AI-powered real-time polling platform.