Revenue Quiz (fundamental and price)

It is important to communicate your price only when your customer fully understands the seller value of offering.

• TRUE

• FALSE

Which of the following global dynamic price competition are the MOST important factor that will influence B2C pricing process?

• Low cost factors and Best deal option

• Large Purchasing Groups & Thigh competition

• Value of return and relationship

• Effective negotiation & Discounting

When Business buy product and services from other business, they are buying __________.

• A collection of benefits

• A collection of value

• A collection of product that yielded the overall profit

• A collection of items that favored by customer

Consumer (buyer) equate price with _____________before buying decision

• How long it will hold up when used

• How much the society likes the product

• The approximate value of the product

• The cost it took to make the product

Consumer (buyer) equate price with _____________ after buying the product.

• How long it will hold up when used

• How much the society likes the product

• The approximate value of the product

• Cost of the product value

A customer is MOST likely to buy your product if they perceive ___________.

• The value is less than the price

• The value to be higher than the price

• The value is irrelevant to the purchase

• The value is equal to the price

Implementing price cutting for group booking is also known as using _______________ for profit maximization

• Cost pricing strategy

• Value pricing strategy

• Inventory pricing strategy

• Seller and buyer pricing strategy

Giving freebies for bulk purchase is also known as using _______________ for profit maximization

• Cost pricing strategy

• Value pricing strategy

• Inventory pricing strategy

• Seller and buyer pricing strategy

When using noun pricing strategy, be prepared to ______

• Focus on value checklists when determine price.

• Focus on numerical and cost factors when determine price.

When using verb pricing strategy, be prepared to ______

• Focus on value checklist when determine price.

• Focus on numerical and costs factors when determine price.