
Pricing Function
Quiz
•
Business
•
9th - 12th Grade
•
Medium
Garrett Sterken
Used 5+ times
FREE Resource
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21 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best describes price?
Maximizing profits
Finding the perceived value
The amount a product is sold for
All the answers
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following are important for an effective pricing strategy?
Customer satisfaction
Continued failure of a business
The product life cycle of a product
None of the answers
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Price maintenance is used by which company?
Apple
Amazon
Walmart
The dollar store
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best describes price maintenance?
Allowing a retailer to maintain a price point
Price maintenance is changed regularly
Maintaining a consistent retail price for a product
Allowing products to have changing prices
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following are characteristics of effective pricing?
Realistic
Flexible
Competitive
All the answers
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the price for a product can be changed with ease what kind of pricing is being used?
Flexible
Realistic
Competitive
None
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Basing the price for a product on your what a customer believes is what kind of pricing?
Realistic
Competitive
Flexible
All
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