Pricing Strategies
Authored by shaesta rawat
Professional Development
9th Grade
Used 5+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Price-fixing is when ONE business agree to sell products at a fixed price. It is illegal in most countries.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Market share is the percentage of sales that a company has from the total market.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The price of a product, must be higher than its cost price
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of the following is NOT a factor influencing price?
Technology
Laws
Cost
Demand
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A pricing strategy includes the method of setting the price for a product and is based on the objectives of the business.
True
False
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