2006-07-11 03:00:14 · 9 answers · asked by eemmas2003 1 in Business & Finance ➔ Advertising & Marketing
This practice will have to end if the penny goes the way of the Dodo bird.
2006-07-11 10:33:48 · answer #1 · answered by Social_Butterfly 4 · 1⤊ 0⤋
Yes I agree with Scott, people are more likely to buy a product if it had a .99 on it than an even dollar.
2006-07-11 10:09:10 · answer #2 · answered by priceking19 2 · 0⤊ 0⤋
it is a well known fact that when .99 is used instead of the rounded off/even dollar more sells are made. it is awesome how the human psych works
2006-07-11 10:06:00 · answer #3 · answered by naztman2000 2 · 0⤊ 0⤋
I think they do it to try and make it look like you are paying less but mostly I find it annoying. Why can't they make it so whatever the remaining change amount when added to the tax equals a full dollar amount?
2006-07-11 10:07:02 · answer #4 · answered by zara01 4 · 0⤊ 0⤋
Because blind split testing has shown that more sales happen at the .99 than at the even dollar.
2006-07-11 10:02:07 · answer #5 · answered by scott.braden 6 · 0⤊ 0⤋
Because they think that you'll think it is less than the next whole dollar and think its cheaper. When in acuallity it is only a penny less than the next whole dollar.
2006-07-11 10:04:50 · answer #6 · answered by nobody 3 · 0⤊ 0⤋
Did you know ,when prices end in a 95. means . .that item will be discontinued soon.
2006-07-11 10:26:39 · answer #7 · answered by Dj Enigma 4 · 0⤊ 0⤋
they trick you into thinking your getting a better deal, besides tax brings it up over the dollar any way.
2006-07-11 10:04:11 · answer #8 · answered by Anonymous · 0⤊ 0⤋
its a marketing stratagy,
I can tell you i am selling this amazing car, that you love for less than 20,000
and when you get there its 19,999.99
which is less than 20,000 lol
2006-07-11 10:04:02 · answer #9 · answered by mattinfla 3 · 0⤊ 0⤋