If you set an odd price for your product, hoping that customers will round down, what type of pricing strategy are you using?
a.
psychological pricing
b.
penetration pricing
c.
promotional pricing
d.
price skimming

A. Psychological pricing, you are pricing it in a way that will "trick" customers into rounding it down and seeing the price as lower than it actually is.

Penetration pricing means starting low when introducing a new product in order to reach a wide range of the market and generate word of mouth, and price skimming means starting high and lowering over time (As seen on TV ads where the price is $40 and then the announcer says "But wait! There's more!" and lowers the price to $19.99).

c

explanation:

answer; yield to maturity;