Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 09-21-2014, 09:53 AM
 
33,016 posts, read 27,301,116 times
Reputation: 9074

Advertisements

Quote:
Originally Posted by TuborgP View Post
Most marketing is intendedmuch a not to trick you but rather to appeal to you. For many $9.99 has and still is more appealing than $10.00. Proctor and Gamble offers many competing products. One major reason is that if you are of moderate income and your kid uses a P@G diaper, they have a higher priced one because a wealthier person doesn't want the same diaper that you use on their kids butt. Same way with Gain and Tide both P@G with Tide being more expensive and check out the Consumer Reports ratings of detergents.

Back in my misguided youth I was disillusioned when a walk down the detergent aisle revealed to me that pretty much all the brands were from three manufacturers.
Reply With Quote Quick reply to this message

 
Old 09-21-2014, 03:32 PM
 
338 posts, read 419,076 times
Reputation: 340
I see $1.97, I think, "two bucks". $98.99 becomes "100 bucks". That's if I'm paying cash, which I do on the vast majority of transactions. Cheque and debit are a different story, where you have to be exact. It's annoying as hell, which is why I rarely use cheques or debit.

You can train yourself to read prices that way, rendering decades of psychological pricing crap totally worthless. It's not difficult.

By the way, what are they going to do when they finally remove the penny from circulation? Allah forbid companies should actually round prices up to the nearest dollar! (gasp)
Reply With Quote Quick reply to this message
 
Old 09-27-2014, 07:50 PM
 
Location: Kingston, ON
415 posts, read 558,059 times
Reputation: 475
Quote:
Originally Posted by ratchetjaw View Post

By the way, what are they going to do when they finally remove the penny from circulation? Allah forbid companies should actually round prices up to the nearest dollar! (gasp)
In 2012, they stopped producing the Canadian penny to be gradually phased out of circulation. A rumour was circulating (no pun intended) that they would no longer air "The Big Bang Theory" in Canada due to the elimination of the Penny; fortunately, that did not happen.
Reply With Quote Quick reply to this message
 
Old 09-27-2014, 08:10 PM
 
Location: Someplace Wonderful
5,177 posts, read 4,760,723 times
Reputation: 2587
Quote:
Originally Posted by smommaof3 View Post
I see 3.70. I'm not going to argue with someone over the prices they set, because they're not going to change them.

I don't think you can prove such a thing. It's like I said before, people aren't eating at McDonalds, because it's 99c vs 1. They're eating there, mostly, because they can't afford to eat other places. It's not marketing or advertising. There's too many external factors to say someone choice something do to advertising/marketing.
1) good for you. Sincerely

2) you are wrong in your conclusion. History proves it. Psych 1 proved it. All the studies have been done, and those date back into the 40's and 50's. We are programmed that way

So congratulations to you for breaking out if Plato's cave. You are truly liberated.

Most people, including I , I am sad to admit, I remain in chains around that fire, looking a shadows on the wall.
Reply With Quote Quick reply to this message
 
Old 09-29-2014, 04:52 PM
 
Location: moved
13,565 posts, read 9,573,834 times
Reputation: 23301
Quote:
Originally Posted by gen811 View Post
Some stupid people still think 99.99 = 99.00 though...

but 90% of the consumers I would think have now seen past it.
Perhaps it's only 89.9% of consumers?
Reply With Quote Quick reply to this message
 
Old 09-29-2014, 06:14 PM
 
Location: State of Transition
102,055 posts, read 106,836,948 times
Reputation: 115795
Quote:
Originally Posted by Mouldy Old Schmo View Post
Is it because someone will be more likely to buy an item priced $99.99 instead of $100.00, or is there some other reason?
That's the reason.
Reply With Quote Quick reply to this message
 
Old 09-30-2014, 11:14 AM
 
Location: Chicago
3,864 posts, read 6,769,370 times
Reputation: 5413
I have an ex girlfriend who would say "Its on sale for $9!". Come to find out its on sale for $9.99. In my mind that is at least $10 after tax. It used to irk me beyond belief when she would do that!
Reply With Quote Quick reply to this message
 
Old 10-01-2014, 02:40 PM
 
Location: Lebanon, OH
7,045 posts, read 8,858,082 times
Reputation: 14690
This was started many years ago by J.C. Penney, this was so employees would have to open the register and give change back to customers and not put the money in their own pockets.
Reply With Quote Quick reply to this message
 
Old 10-01-2014, 03:58 PM
 
519 posts, read 772,138 times
Reputation: 965
Quote:
Originally Posted by KingstonBob View Post
A rumour was circulating (no pun intended) that they would no longer air "The Big Bang Theory" in Canada due to the elimination of the Penny; fortunately, that did not happen.
I think you mean unfortunately.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top