A Macy’s manager designs the casual clothing department such that one of Macy’s
private label pairs of jeans, priced at $24.99, is positioned next to a national brand of
jeans, such as Levi’s, priced at $39.99. Which of the following strategies is the manager
attempting to accomplish?
a. Everyday low prices strategy
b. Odd-even pricing strategy
c. Prestige pricing strategy
d. Special-event pricing strategy
e. Reference pricing strategy
The demand for many business products is inelastic at the industry level.
a. True
b. False
Customers learn about products through promotion, allowing them to make more
intelligent buying decisions.
a. True
b. False