Go4Expert

Go4Expert (http://www.go4expert.com/)
-   $1 Daily Competition (http://www.go4expert.com/contests/daily-competition/)
-   -   Why Price is 9.95 | 26 Jul 2009 (http://www.go4expert.com/contests/price-995-26-jul-2009-t18700/)

shabbir 26Jul2009 19:55

Why Price is 9.95 | 26 Jul 2009
 
Many times we have pricing like 9.95 or 99.95 and one reason is it looks lesser to the customer but what was the main reason for this practice to start.

SaswatPadhi 26Jul2009 20:10

Re: Why Price is 9.95 | 26 Jul 2009
 
It's a practice to force employees to open the cash registers instead of simply pocketing the bill :)

SaswatPadhi 26Jul2009 20:17

Re: Why Price is 9.95 | 26 Jul 2009
 
It started at Bill’s Texaco in Waco, Texas during a price war. I say it’s a much older management technique to force employees to open cash register drawers for each transaction (making simply pocketing a bill more obvious).

shabbir 26Jul2009 22:01

Re: Why Price is 9.95 | 26 Jul 2009
 
Quote:

Originally Posted by SaswatPadhi (Post 53547)
It's a practice to force employees to open the cash registers instead of simply pocketing the bill :)

Bingo

xpi0t0s 26Jul2009 22:52

Re: Why Price is 9.95 | 26 Jul 2009
 
These are employees who are smart enough to figure out that they could just pocket bills, but not smart enough to figure out that they need to carry a bunch of 5 cent pieces?

mayjune 27Jul2009 00:58

Re: Why Price is 9.95 | 26 Jul 2009
 
Hmmm and i thought it was cause 99.95 and 100 were in different tax range, thus to be in lower range they keep it like that...

xpi0t0s 27Jul2009 01:01

Re: Why Price is 9.95 | 26 Jul 2009
 
I thought it was because 39.95 is as good as 40, but 40 looks more expensive - shopper psychology - it's "UNDER FORTY QUID" - well, no, it IS forty quid.

mayjune 27Jul2009 01:49

Re: Why Price is 9.95 | 26 Jul 2009
 
yeah that is also a good reason..

rik625 27Jul2009 07:58

Re: Why Price is 9.95 | 26 Jul 2009
 
Yea...In US most of the prices tags are like..9.99 and 29.99...I mean most of the people dont care about the extra cent to add to make ot round figure..but still it goes on like this..

I say ...A figure like $99.99 looks lesser than $100.00.. (...my guess..lol) so it appeals buyers that its less than $100 ..hence they are tagged as such..

SaswatPadhi 27Jul2009 13:37

Re: Why Price is 9.95 | 26 Jul 2009
 
Quote:

Originally Posted by shabbir (Post 53553)
Bingo

So, I won ?! :happy:

BTW, Nice answer(s) xpi0t0s.


All times are GMT +5.5. The time now is 03:10.