Store Lesson 11 Pricing

Store Lesson 11 Pricing

9th - 12th Grade

10 Qs

quiz-placeholder

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Store Lesson 11 Pricing

Store Lesson 11 Pricing

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Created by

E D

Used 1+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

is the monetary value of a product exchanged for the purpose of owning the product.

Cost

Influence

Price

Advertising

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

There are several _________ from which to choose when pricing your products-and several _________ that may influence your choice to implement one over another.

Choices & Changes

Strategies & Factors

Up's & Down's

Top's & Bottom's

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is pricing important?

Pricing high will get you more money

Pricing is the key to success

The price of an item is not that important

Price dictates the amount of revenue your business will generate

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Pricing goods and services too low will increase your revenue.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the product is very desirable and somewhat rare, its price will go up.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________ is when customers believe that the price of an item says something about its value.

Consumer intuition

Consumer ratings

Consumer feedback

Consumer perceptions

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

________ the prices of similar products offered at competing businesses will undoubtedly affect what your SBE can sell its products

Competition

Accepting

Offering

Lowering

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