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Mark up

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LampPro Tip 1/2
Price PsychologyPlay
Retailers may mark up items as a strategy to create a perception of higher quality. SlideThe boutique marked up its handbags, and they seemed more desirable.
LampPro Tip 2/2
Consumer ReactionPlay
Shoppers might view a mark up negatively, perceiving it as unfair overpricing. SlideCustomers complained after the store marked up essential items.