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Psychological pricing which refers to a variety of tactics, designed to have a optimistic psychological impact. However, in Chinese societies, costs are typically either a spherical number or sometimes some fortunate quantity. The pricing method used by most retailers is value-plus pricing. This involves including a markup amount to the retailers’ price. Another widespread technique is manufacturers suggested record pricing. This simply includes charging the amount instructed by the manufacturer and usually printed on the product by the manufacturer.
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