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Price
Quiz
•
Business
•
4th - 6th Grade
•
Practice Problem
•
Medium
Graeme Thompson
Used 83+ times
FREE Resource
Enhance your content in a minute
10 questions
Show all answers
1.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Setting the correct price depends on:
How much it costs to make
Colour of Product
Time of Year
Competitors Prices
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is a short term pricing strategy that involves reducing the price of a product to help clear it.
Promotional Pricing
Premium Pricing
Demand-orientated Pricing
Destroyer Pricing
Market Skimming Pricing
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The strategy involves charging a high price in order to appear more exclusive.
Promotional Pricing
Premium Pricing
Demand-orientated Pricing
Destroyer Pricing
Market Skimming Pricing
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This strategy is short term and involves increasing/decreasing the price demanding on the demand.
Promotional Pricing
Premium Pricing
Demand-orientated Pricing
Destroyer Pricing
Market Skimming Pricing
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This strategy involves charging such a low price that competitors just cannot compete.
Promotional Pricing
Premium Pricing
Demand-orientated Pricing
Destroyer Pricing
Market Skimming Pricing
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This strategy is used when a new product is launched at a high price when people must have it.
Promotional Pricing
Premium Pricing
Demand-orientated Pricing
Destroyer Pricing
Market Skimming Pricing
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
BOGOF is an example of:
Promotional Pricing
Premium Pricing
Demand-orientated Pricing
Destroyer Pricing
Market Skimming Pricing
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