Developing Pricing Strategies and Programs

What is one of the element of the marketing mix that produces revenue?

• Product

• Price

• Promotion

• People

Tags

CCSS.HSS.IC.B.4

Pricing decisions are

• clearly complex and difficult

• complex

• easy

• merely complex and difficult

Tags

CCSS.HSS.MD.B.5

These are the things needed to consider by the company except?

• The product's stage in the life cycle.

• Importance in the company's portfolio

• Market's quantity sensitivity

• Behavior of costs with volume.

These are the factors in making pricing decision except?

• the company

• the competition

• the marketing environment

• the consumer

These are 3 C's of Marketing: Pricing Consideration except?

• Company

• Color

• Competition

• Customer

What most consumer would pay?

• Reservation price

• Lower - Bound Price

• Upper - Bound Price

• Cheap

Tags

CCSS.HSS.IC.A.1

CCSS.HSS.IC.B.3

CCSS.HSS.IC.B.4

In business, a company in the same industry or a similar industry which offers a similar product or service is called?

• Coordinators

• Business Partners

• Management

• Competitor

What is the main challenge for market leaders and firms trying to build a market share?

• aggressive price cutting

• salary increase

• adding manpower

• creating a different strategy

Three possible responses to low cost competitors are, except:

• further differentiate the products and services

• introduce a low-cost venture

• higher the standards

• reinvent a low cost player

This includes the desired payback period for R/D cost and investments.

• Customer

• Competition

• Pricing

• Company

Tags

CCSS.HSA.CED.A.2

CCSS.HSA.CED.A.3