David is right here. Pricing, marketing and selling is all about
psychology. People see the lower number even if it is only a penny
lower and even when they know better. We whine about the cost of gas
and let auto dealers rip us off big time. The bigger the scam, the
easier it is to fall for it. My favorite is called value selling.
Two products sit side by side on the shelf manufactured by the same
company. One 35% more. Functionally they will accomplish the same
thing but one has fancier trim, 5 settings instead of 2, dual colors
and so on.
>
>> I get extremely annoyed at this 999.999 price list business. Every
>> damn price tag is in the 99999 class - I mean how dumb do they
>> think we are.
>
> Well, your real enemy isn't the poor clerk, but Mr. James Cash
> Penney (real name) who popularized this pricing strategy in
> his stores in 1902. He must have been on to something, because
> JC Penney is a very successful department store chain to this
> day. I find the malls themselves so annyoing that anything
> that happens within the individual stores pales in comparison.
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