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Does ending items in cents really play a huge role in consumer decision making?
Asked by _Whitetigress (4378)
September 27th, 2012
For instance, say there is a Sony Playstation for $100. Is it more attractive to the customer when the price tag is labeled $99.99? Obviously it’s a 1 cent difference and I think I would go for it.
What I want to know is, those who study business, is ending a price tag in cents really something taught as a strategy to bring in more income?
Are there certain numbers in the cents column that catch the eye more? Like ending it with .49 vs .50? Or is .50 usually a good enough indication that we are going to save a half a dollar.
*Sorry my example is in USD feel free to apply the general idea to your currency and insert opinion!
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