Scenario 20.1 Use the following to answer the questions.
Suppose that Ray-Ban is considering a new line of sunglasses that would be sold in major department stores. The new line would be positioned as a more distinctive brand than the typical glasses sold through department stores, and would be priced higher than other brands in the store, but a lower price line than the current Ray-Ban lines that are sold through more selective stores. In determining the price for this sunglass line, Ray-Ban wants to gather information about all brands sold in department stores and about customers' perceptions of those brands.
Refer to Scenario 20.1. If Ray-Ban selected the prices for its new sunglasses to be $60, $70, or $80, this would most likely be an example of using ____ pricing to enhance its distinctive positioning strategy.
A) product-line
B) odd-even
C) professional
D) promotional
E) penetration

Question

Quizplus · Accepted Answer

Odd-even pricing involves setting prices that end in odd or even numbers, which can make the price seem more distinctive and memorable to customers. This would align with Ray-Ban's goal of positioning their new line as more distinctive than other department store brands. Additionally, odd-even pricing can also suggest a discount or bargain to customers, which could help justify the higher price point compared to other department store brands.