Products & Pricing in Sports

Products & Pricing in Sports

9th - 12th Grade

24 Qs

quiz-placeholder

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Products & Pricing in Sports

Products & Pricing in Sports

Assessment

Quiz

Business

9th - 12th Grade

Hard

Created by

Abby Palsic

Used 3+ times

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24 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What really determines the value that customers place on entertainment and sports?

whatever owners/producers decide to charge for the product

customer's perception of the product's quality and/ or value

whatever ticket brokers decide to charge for that event

players/performers will determine the price customers pay

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is selling several products as a package for a set price.

prestige pricing

psychological pricing

bundle pricing

price skimming

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Any good purchased by the customer for their personal use

consumer product

tangible product

business product

intangible product

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which stage of the product life cycle is the least profitable?

Introduction

Development

Maturity

Decline

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The collecting of baseball cards is in what stage of the Product Life Cycle?

Introduction

Degeneration

Maturity

Decline

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The price charged must cover the costs of doing business and allow for a profit.

true

false

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The focus group should demographically represent the target market.

true

false

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