Pricing

Which of the following is NOT considered a name given to price?

• Credit Slip

• Commission

• Salary

• Rent

The selling price of products help customers to

• Determine the amount of markup

• Spend money freely

• Find a company's fixed cost

• Make buying decisions

The determination of an exchange price acceptable to both buyer and seller of a product is called:

• Product

• Pricing

• Promotion

• Place

If you make constant changes in your pricing strategy, your changes are

• Continually recurring or continuing without interruption

• East o keep track of

• Confusing your competitors

• Reflecting a popular pricing method

What is the most temporary pricing strategy?

• Odd-Even

• Promotional

• Prestige

• Multiple

What will happen if a business's customers feel that they are NOT getting the most value for their money?

• Returns to vendors could increase

• Customers could purchase more at that business

• Customers could spend money elsewhere

• Sales at that business could increase

What do many customers associate price with?

• Location

• Quality

• Discounts

• Comfort

QT gas station is offering gasoline for 5 cents cheaper per gallon. The other gas stations across the street and in the area decide to lower their prices as well. This is an example of ________ pricing.

• Odd-Even Pricing

• Bundle Pricing

• Competitive Pricing

• Unit Pricing

A situation that occurs when competitors agree on certain prices ranges for products:

• Price Fixing

• Pricing Ethics

• Price Discrimination

• Resale Price Maintenance

When companies increase the quality of materials in the production of their products, their prices will tend to be?

• The same

• Lower

• Reduced by the amount of quality increase

• Higher