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Psychological pricing

Index Psychological pricing

Psychological pricing (also price ending, charm pricing) is a pricing/marketing strategy based on the theory that certain prices have a psychological impact. [1]

32 relations: Australia, Australian five-cent coin, Benford's law, Cash register, Cash rounding, Chicago Daily News, Choice (Australian magazine), Clark University, Czechoslovakia, Farthing (British coin), Finland, Game theory, Halfpenny (British pre-decimal coin), Infomercial, Kaushik Basu, Marketing mix, Melville Elijah Stone, Mental accounting, Microeconomics, Newspaper, Nickel (United States coin), Numerical cognition, Official Monster Raving Loony Party, Penny (United States coin), Price point, Pricing, Pricing strategies, Relative value (economics), Take a penny, leave a penny, The Straight Dope, Theft, United Kingdom general election, 2005.

Australia

Australia, officially the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania and numerous smaller islands.

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Australian five-cent coin

The Australian five-cent coin is the lowest-denomination circulating coin of the decimal Australian dollar introduced in 1966.

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Benford's law

Benford's law, also called Newcomb-Benford's law, law of anomalous numbers, and first-digit law, is an observation about the frequency distribution of leading digits in many real-life sets of numerical data.

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Cash register

A cash register, also referred to as a till in the United Kingdom and other Commonwealth countries, is a mechanical or electronic device for registering and calculating transactions at a point of sale.

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Cash rounding

Cash rounding or Swedish rounding (New Zealand English) occurs when the minimum unit of account is smaller than the lowest physical denomination of currency.

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Chicago Daily News

The Chicago Daily News was an afternoon daily newspaper in the midwestern United States, published between 1876 and 1978 in Chicago,.

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Choice (Australian magazine)

Choice is a publication of the Australian consumer organisation of that name, a non-profit organisation founded in 1959 (as the Australian Consumers Association) to research and advocate on behalf of Australian consumers.

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Clark University

Clark University is an American private research university located in Worcester, Massachusetts.

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Czechoslovakia

Czechoslovakia, or Czecho-Slovakia (Czech and Československo, Česko-Slovensko), was a sovereign state in Central Europe that existed from October 1918, when it declared its independence from the Austro-Hungarian Empire, until its peaceful dissolution into the:Czech Republic and:Slovakia on 1 January 1993.

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Farthing (British coin)

The British farthing (d) coin, from "fourthing", was a unit of currency of one quarter of a penny, or of a pound sterling.

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Finland

Finland (Suomi; Finland), officially the Republic of Finland is a country in Northern Europe bordering the Baltic Sea, Gulf of Bothnia, and Gulf of Finland, between Norway to the north, Sweden to the northwest, and Russia to the east.

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Game theory

Game theory is "the study of mathematical models of conflict and cooperation between intelligent rational decision-makers".

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Halfpenny (British pre-decimal coin)

The British pre-decimal halfpenny (d) coin, usually simply known as a halfpenny (pronounced), historically occasionally also as the obol, was a unit of currency that equalled half of a penny or of a pound sterling.

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Infomercial

An infomercial is a form of television commercial, which generally includes a toll-free telephone number or website.

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Kaushik Basu

Kaushik Basu (born 9 January 1952) is an Indian economist who was Chief Economist of the World Bank from 2012 to 2016.

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Marketing mix

The marketing mix (also known as the 4 Ps) is a foundation model in marketing.

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Melville Elijah Stone

Melville Elijah Stone (August 22, 1848 – February 15, 1929) was a newspaper publisher, the founder of the Chicago Daily News, and was the general manager of the reorganized Associated Press.

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Mental accounting

A concept first named by Richard Thaler, mental accounting (or psychological accounting) attempts to describe the process whereby people code, categorize and evaluate economic outcomes.

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Microeconomics

Microeconomics (from Greek prefix mikro- meaning "small") is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.

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Newspaper

A newspaper is a periodical publication containing written information about current events.

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Nickel (United States coin)

A nickel, in American usage, is a five-cent coin struck by the United States Mint.

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Numerical cognition

Numerical cognition is a subdiscipline of cognitive science that studies the cognitive, developmental and neural bases of numbers and mathematics.

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Official Monster Raving Loony Party

The Official Monster Raving Loony Party is a political party established in the United Kingdom in 1983 by the musician David Sutch, better known as "Screaming Lord Sutch, 3rd Earl of Harrow" or simply "Lord Sutch".

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Penny (United States coin)

The United States one-cent coin, often called a penny, is a unit of currency equaling one-hundredth of a United States dollar.

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Price point

Price points are prices at which demand for a given product is supposed to stay relatively high.

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Pricing

Pricing is the process whereby a business sets the price at which it will sell its products and services, and may be part of the business's marketing plan.

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Pricing strategies

A business can use a variety of pricing strategies when selling a product or service.

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Relative value (economics)

In finance, relative value is the attractiveness measured in terms of risk, liquidity, and return of one financial instrument relative to another, or for a given instrument, of one maturity relative to another.

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Take a penny, leave a penny

Take a penny, leave a penny (sometimes Give a penny, take a penny, penny tray, or penny pool) refers to a type of tray, dish or cup meant for convenience in cash transactions.

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The Straight Dope

"The Straight Dope" was an online question-and-answer newspaper column published from 1973 to 2018 in the Chicago Reader and syndicated in eight newspapers in the United States.

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Theft

In common usage, theft is the taking of another person's property or services without that person's permission or consent with the intent to deprive the rightful owner of it.

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United Kingdom general election, 2005

The 2005 United Kingdom general election was held on Thursday, 5 May 2005 to elect 646 members to the House of Commons.

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Redirects here:

$19.95, $19.99, 99c, 99p, Charm pricing, Customary pricing, Just-below pricing, Odd Pricing, Odd price, Odd pricing, Odd-even pricing, Odd-number pricing, Price Ending, Price ending, Psychological price.

References

[1] https://en.wikipedia.org/wiki/Psychological_pricing

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