______ is common in retail goods for which consumers have an idea of what the price "should be" and have a "usual" price in mind for that item.

A) Price lining
B) Prestige pricing
C) Reference pricing
D) Odd pricing

Reference Pricing

Psychological pricing strategy common in retailing goods for which consumers have an idea of what the price “should be.”

Price Lining

A pricing strategy where products or services are grouped into different price ranges to target various consumer segments.

Retail Goods

Products that are sold to the end consumer for personal or household use.