Marketing quiz #6 - Monday, 7/10/23

The best place to sell your product is:

• online

• Through a 2nd party dealer like Amazon

• In a real store

• All of these possibly....it depends on the product

How should I price my product?

• Lower than the competition

• Depends on my target market

• Higher than the competition

• Around the same as my competition

The pricing strategy where you price something at 1.99 instead of 2.00 is called:

• bundle pricing

• No frills pricing

• psychological pricing

• Cover my costs pricing

How do you decide where to sell your product?

• Where my customers will see it

• What's most convenient for me

• Where I can advertise it for free

• Right next to my competitors

The last P we will discuss this week we be:

• product selection

• promotion

• pricing

• people