Which pricing strategy in the food industry is known as 'charm pricing' and has been proven to significantly increase sales volume?

In today's competitive food industry, smart pricing strategies can make or break a restaurant or food brand. From dynamic pricing during peak hours to psychological pricing tactics that make customers feel they're getting value, food businesses employ sophisticated approaches to maximize profits while keeping customers satisfied. Test your knowledge about how the food industry leverages pricing analytics to create the perfect balance between value perception and profitability.

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Setting prices ending in .99 or .95 (e.g., $9.99 instead of $10.00)
Bundling complementary food items together at a slight discount compared to à la carte pricing
Offering premium ingredients at higher price points with visible menu callouts
Implementing time-based discounts during non-peak hours to drive traffic