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Price

Authored by Graeme Thompson

Business

4th - 6th Grade

Used 83+ times

Price
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10 questions

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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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