Which of the following factors best explains why aggressive price promotions often fail to increase long-term customer footfall in service-centric businesses?

A pricing strategy in which prices are temporarily reduced below actual or list prices to trigger short-term sales is known as:

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.