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Pricing is the process whereby a business sets and displays the price at which it will sell its products and services and may be part of the business's marketing plan.In setting prices, the business will take into account the price at which it could acquire the goods, the manufacturing cost, the marketplace, competition, market condition, brand, and quality of the product.
Psychological pricing (also price ending or charm pricing) is a pricing and marketing strategy based on the theory that certain prices have a psychological impact. In this pricing method, retail prices are often expressed as just-below numbers: numbers that are just a little less than a round number, e.g. $19.99 or £2.98. [ 1 ]
An analysis by the Deutsche Bundesbank in 2017 found that a cash payment in retail costs an average of 24 euro cents, while payments with a girocard cost 30 cents (or often 0.3 to 0.4% of sales plus a transaction fee) and with a credit card charge one euro which is included in the sales price. [42]
The price of $54.20 per share is believed to be a reference to 420, a slang term in cannabis culture for marijuana consumption. [25] On April 15, Twitter's board of directors announced a "poison pill" strategy which would allow shareholders to purchase additional stock in the event of a hostile takeover; the plan expired on April 14, 2023. [26]
Of the total population, 28.8% of those under the age of 18 and 20.4% of those 65 and older were living below the poverty line. [166] Boston has a significant racial wealth gap with White Bostonians having a median net worth of $247,500 compared to an $8 median net worth for non-immigrant Black residents and $0 for Dominican immigrant residents.
The price of fares varies according to age (concessions for seniors aged 65 and over, youth aged 13 to 19, and free fares for children aged 12 and under), occupation (discounts for post-secondary students), income level, and health condition of riders (Fair Pass program). [1] [2]
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