Marketing: Price and Place
Authored by E Paterson
Business
4th Grade
Used 31+ times
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the quickest method of distribution?
2.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
When deciding a place to sell its product a business should take into consideration... (Pick 2)
Customer availability
Competition
Cost of resources
Government incentives
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Psychological pricing is when a business makes the customer think the product is cheaper than it is...
True
False
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Promotional pricing is when the price charged is higher than normal for a short period of time.
True
False
5.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
What should a business take into consideration when deciding a price? (Pick 3)
The life cycle of the product
The amount they pay their employees
How much it costs to make the product
The price charged by competitors
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is test marketing?
Where customers are given sample products to take home with them
Where customers get to try out the product and provide feedback
7.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Select 2 advantages of branding...
Can charge a premium price
Easier to launch new products
Can sell similar products to their competitors
High marketing costs
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