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Psychological Pricing
Psychological pricing (also price ending or charm pricing) is a pricing and marketing strategy based on the theory that certain prices have a psychological impact. In this pricing method, retail prices are often expressed as just-below numbers: numbers that are just a little less than a round number, e.g. $19.99 or £2.98. There is evidence that consumers tend to perceive just-below prices (also referred to as "odd prices") as being lower than they are, tending to round to the next lowest monetary unit. Thus, prices such as $1.99 may to some degree be associated with spending $1 rather than $2. The theory that drives this is that pricing practices such as this cause greater demand than if consumers were perfectly rational. Psychological pricing is one cause of price points. Overview According to a 1997 study published in the ''Marketing Bulletin'', approximately 60% of prices in advertising material ended in the digit 9, 30% ended in the digit 5, 7% ended in the digit 0 and the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thrifty Gas Prices In San Pedro 2008-06-04
Thrifty may refer to: * Thrifty Foods, a Canadian supermarket chain * Thrifty Drug Stores and Thrifty PayLess, now Rite Aid * Thrifty phenotype * Thrifty Rent A Car, part of Dollar Thrifty Automotive Group See also *Affluenza *Anti-consumerism *Conspicuous consumption *Downshifting (lifestyle) *Frugality *Mottainai *Over-consumption *Simple living *Thrift (other) *Thrift shop {{disambiguation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nickel (U
Nickel is a chemical element; it has symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel is a hard and ductile transition metal. Pure nickel is chemically reactive, but large pieces are slow to react with air under standard conditions because a passivation layer of nickel oxide forms on the surface that prevents further corrosion. Even so, pure native nickel is found in Earth's crust only in tiny amounts, usually in ultramafic rocks, and in the interiors of larger nickel–iron meteorites that were not exposed to oxygen when outside Earth's atmosphere. Meteoric nickel is found in combination with iron, a reflection of the origin of those elements as major end products of supernova nucleosynthesis. An iron–nickel mixture is thought to compose Earth's outer and inner cores. Use of nickel (as natural meteoric nickel–iron alloy) has been traced as far back as 3500 BCE. Nickel was first isolated and classified as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pricing
Pricing is the Business process, process whereby a business sets and displays the price at which it will sell its products and services and may be part of the business's marketing plan. In setting prices, the business will take into account the price at which it could acquire the goods, the manufacturing cost, the marketplace, competition, market condition, brand, and quality of the product. Pricing is a fundamental aspect of product management and is one of the four Ps of the marketing mix, the other three aspects being product, promotion, and Distribution (business), place. Price is the only revenue generating element among the four Ps, the rest being cost center (business), cost centers. However, the other Ps of marketing will contribute to decreasing price elasticity and so enable price increases to drive greater revenue and profits. Pricing can be a manual or automatic process of applying prices to purchase and sales orders, based on factors such as a fixed amount, quantit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian 5 Cent Coin
The Australian five-cent coin is the lowest-denomination circulating coin of the decimal Australian dollar introduced on 14 February 1966, replacing the pre-decimal sixpence. It has been the lowest-denomination coin in general circulation since the withdrawal of the one-cent and two-cent coins in 1992. Due to inflation, the purchasing power of the five-cent coin continues to drop, and as of 2018 represents 0.27% of the country's minimum hourly wage for workers age 21 or over. The coin was introduced into circulation on 14 February 1966. In its first year of minting, 30 million were struck at the British Royal Mint (then in London), in addition to 45.4 million at the Royal Australian Mint in Canberra. Since then, with the exception of 1981, the coin has been produced exclusively in Canberra. In 1981, 50.3 million were produced at the Royal Mint's new headquarters in Llantrisant, Wales, and 50 million at the Royal Canadian Mint in Winnipeg, in addition to 62 million in Canber ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cash Rounding
Cash rounding or Swedish rounding (New Zealand English) occurs when the minimum unit of account is smaller than the lowest physical denomination of currency. The amount payable for a cash transaction is rounded to the nearest multiple of the minimum currency unit available, whereas transactions paid in other ways are not rounded (for example electronic funds transfer such as with payment cards, or negotiable instruments such as cheques). Cash rounding typically occurs when low-denomination coins are removed from circulation owing to inflation. Cash rounding may be a compulsory legal requirement if such coins are no longer legal tender, or a voluntary practice where they remain in circulation but are scarce or impractical. Cash rounding () was introduced in Sweden in 1972 when 1 and 2 öre coins were withdrawn from circulation, and has continued to be applied at incremental levels as smaller denomination coins have been withdrawn. The current level of cash rounding in Sweden is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Official Monster Raving Loony Party
The Official Monster Raving Loony Party (OMRLP) is a political party established in the United Kingdom in 1982 by the musician David Sutch, also known as Screaming Lord Sutch, 3rd Earl of Harrow, or simply Lord Sutch. It is notable for its deliberately bizarre policies and it effectively exists to satirise British politics, and by fielding novelty candidates to offer itself as an alternative for protest voters, especially in constituencies where the party holding a safe seat is unlikely to lose it. History Sutch era Starting in 1963, David Sutch, head of the rock group Screaming Lord Sutch and the Savages, stood in British parliamentary elections under a range of party names, initially as the National Teenage Party candidate. At that time, the minimum voting age was 21. The party's name was intended to highlight what Sutch and others viewed as hypocrisy, since teenagers were unable to vote because of their supposed immaturity while the adults running the country were in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2005 United Kingdom General Election
The 2005 United Kingdom general election was held on Thursday 5 May 2005, to elect List of MPs elected in the 2005 United Kingdom general election, 646 members to the House of Commons of the United Kingdom, House of Commons. The governing Labour Party (UK), Labour Party led by Prime Minister of the United Kingdom, Prime Minister Tony Blair won its third consecutive victory, with Blair becoming the second Labour leader after Harold Wilson to form three majority governments. However, its Majority government, majority fell to 66 seats; the majority it won 2001 United Kingdom general election, four years earlier had been of 167 seats. The UK media interpreted the results as an indicator of a breakdown in trust in the government, and especially in Blair. This was the first time the Labour Party had won a third consecutive election, but would be the last election victory for Labour until 2024 United Kingdom general election, 2024. The Liberal Democrats (UK), Liberal Democrats, led by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tomáš Baťa
Tomáš Baťa () (3 April 1876 – 12 July 1932) was a Czech entrepreneur and founder of the Bata shoe company. His career was cut short when he died in a plane accident due to bad weather. Baťa's half-brother Jan Antonín Baťa took over his company, expanding it during the Great Depression. World War II resulted in much destruction of the business. After Communist governments were established in Czechoslovakia and other nations of Eastern Europe, they nationalized the Baťa enterprises, taking over the company group. Tomáš's son Thomas J. Bata rebuilt and expanded shoe manufacturing in the company name after moving to Canada in 1939, at the time of the Nazi invasion and annexation of Czechoslovakia. Career Tomáš Baťa established the organization in Zlín on 24 August 1894 with 800 Austrian gulden (equivalent to $320 at the time), inherited from his mother. His brother Antonín Baťa and sister Anna were partners in the startup firm T. & A. Bata Shoe Company. Thoug ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Czechoslovakia
Czechoslovakia ( ; Czech language, Czech and , ''Česko-Slovensko'') was a landlocked country in Central Europe, created in 1918, when it declared its independence from Austria-Hungary. In 1938, after the Munich Agreement, the Sudetenland became part of Nazi Germany, while the country lost further territories to First Vienna Award, Hungary and Trans-Olza, Poland (the territories of southern Slovakia with a predominantly Hungarian population to Hungary and Zaolzie with a predominantly Polish population to Poland). Between 1939 and 1945, the state ceased to exist, as Slovak state, Slovakia proclaimed its independence and Carpathian Ruthenia became part of Kingdom of Hungary (1920–1946), Hungary, while the German Protectorate of Bohemia and Moravia was proclaimed in the remainder of the Czech Lands. In 1939, after the outbreak of World War II, former Czechoslovak President Edvard Beneš formed Czechoslovak government-in-exile, a government-in-exile and sought recognition from the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pennies
A penny is a coin (: pennies) or a unit of currency (: pence) in various countries. Borrowed from the Carolingian denarius (hence its former abbreviation d.), it is usually the smallest denomination within a currency system. At present, it is the formal name of the British penny ( p) and the '' de facto'' name of the American one-cent coin (abbr. ¢). ''Penny'' is also the informal name of the cent unit of account in Canada, although the production of one-cent coins was ended in 2012. The name ''penny'' is also used in reference to various historical currencies, also derived from the Carolingian system, such as the French denier and the German pfennig. It may also be informally used to refer to any similar smallest-denomination coin, such as the euro cent or Chinese fen. The Carolingian penny was originally a 0.940-fine silver coin, weighing pound. It was adopted by Offa of Mercia and other English kings and remained the principal currency in Europe over ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nickel (United States Coin)
A nickel is a five-cent (currency), cent coin struck by the United States Mint. Composed of cupronickel (75% copper and 25% nickel), the piece has been issued since 1866. Its diameter is 0.835 inches (21.21 mm) and its thickness is 0.077 inches (1.95 mm). The silver half dime, equal to five cents, was issued from 1792 to 1873 before today's cupronickel version. The American Civil War caused economic hardship, driving gold and silver from circulation; in response, in place of low-value coins, the government at first issued paper currency. In 1865, Congress abolished the five-cent fractional currency note after Spencer M. Clark, head of the Currency Bureau (today the Bureau of Engraving and Printing), placed his own portrait on the denomination. After the successful introduction of two-cent piece (United States coin), two-cent and three-cent nickel, three-cent pieces without precious metal, Congress also authorized a five-cent piece consisting of base metal; ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bill Bryson
William McGuire Bryson ( ; born 8 December 1951) is an American-British journalist and author. Bryson has written a number of nonfiction books on topics including travel, the English language, and science. Born in the United States, he has been a resident of Britain for most of his adult life, returning to the U.S. between 1995 and 2003, and holds dual American and British citizenship. He served as the chancellor of Durham University from 2005 to 2011. In 1995, while in the United Kingdom, Bryson authored '' Notes from a Small Island'', an exploration of Britain. In 2003, he authored '' A Short History of Nearly Everything''. In October 2020, he announced that he had retired from writing books. In 2022, he recorded an audiobook for Audible, ''The Secret History of Christmas''. He has sold over 16 million books worldwide. Early life and education Bryson was born and raised in Des Moines, Iowa, the son of Bill Bryson Sr., a sports journalist who worked for 50 years at '' The D ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
