BOR: Chapter 4
Flashcard
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others
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9th - 12th Grade
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Practice Problem
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Easy
Linzi Rhodes
Used 2+ times
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14 questions
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1.
FLASHCARD QUESTION
Front
The Goodwill Thrift Store decided to end all of their prices in .97, a few cents less than the round number. This is an example of
Back
Psychological Pricing
2.
FLASHCARD QUESTION
Front
__________ is the amount of money that comes into a retail business minus expenses.
Back
Margin
3.
FLASHCARD QUESTION
Front
Courtney sells 25 bags of oranges at $12 per bag. Her cost of goods sold per bag is $7. What is Courtney’s gross profit?
Back
$125
4.
FLASHCARD QUESTION
Front
Which of the following would you categorize as the COGs if operating a taco truck? Cost of the meat, shells, and cheese, Cost of the permit to operate the food truck., Gas and maintenance costs., Your salary.
Back
Cost of the meat, shells, and cheese
5.
FLASHCARD QUESTION
Front
The image attached shows an example of which pricing strategy? Options: Promotional Pricing, Psychological Pricing, Bundle Pricing, Discounted Pricing
Back
Psychological Pricing
6.
FLASHCARD QUESTION
Front
The “S” in MSRP stands for ______________.
Back
Suggested
7.
FLASHCARD QUESTION
Front
What should Jim take into consideration when setting a retail price for his online shop? Options: Customer's price preferences, The amount of money you want to make on each item., The price is set by the competitors on the same or similar products, The cost of products, website service fees, competitor's prices, and the money you want to make on each item.
Back
The cost of products, website service fees, competitor's prices, and the money you want to make on each item.
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