Pricing Module

Pricing Module

9th - 12th Grade

47 Qs

quiz-placeholder

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Pricing Module

Pricing Module

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Memory Reed

Used 8+ times

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47 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Price is the amount of money a customer is willing to pay for a product.

True

False

2.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Price is not the element of the marketing mix that helps a business to earn revenue.

True

False

3.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Businesses in a competitive market might have to charge similar prices to their competitors.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Setting the correct price is important because of the

Demand

Quality

Value

All of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the elasticity of demand measures?

How the changes in prices affect global economy.

How customers react to changes in prices.

How customers react to changes in quality.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The reason why Chevrolet cars are very elastic is because...

They can be easily replaced by other cars

No matter the price, people will always choose chevrolet

Infomation not given.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Some factors that affect price elasticity are...

The number of subtitutes and how dependant you are on the good.

The number of customers and producers of the good.

How dependant you are and the quality of the good.

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