General Studies · Pricing Strategies
Determine the truth value of the following statements regarding pricing strategies: Statement 1: 'Charm pricing' is a psychological pricing phenomenon where a price is set just fractionally below a round number to predictably manipulate the consumer's perception of affordability. Statement 2: Psychological pricing tactics, including charm pricing, are forms of neutral pricing designed to strictly match the going-rate of competitors in commodity markets.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Statement 1 is false, but Statement 2 is true.
- 2Both statements are false.
- 3Both statements are true.
- 4Statement 1 is true, but Statement 2 is false.✓
Correct answer
Statement 1 is true, but Statement 2 is false.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for General Studies?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Pricing Strategies MCQs →Want more practice questions on Pricing Strategies?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in General Studies · Pricing Strategies