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To explore the effectiveness of this experimentation, retailers sent out varying product catalogs and, in some cases, left the prices unchanged, and in others, they changed the pricing either at the beginning or at the end of the catalog with $0.99. This is famously called psychological pricing or charm pricing.
Ten new product pricing strategies that work. Introducing new products creates an exciting opportunity to attract new customers and reinforce your presence in the market. At the same time, defining your new product pricing strategy is exciting for a very different reason. No two markets are alike. Price skimming.
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