PRICING METHOD

1.   It is one of the easiest pricing strategies in which the seller measures the production cost generated and applies a certain amount of the mark-up to the cost of sales.

• a.    Cost plus pricing

• b.    Mark-up pricing

• c. Target return pricing

• d. Market-oriented pricing

2.    This pricing method allows the seller a fixed markup every time the product is sold.

• A. Cost plus pricing

• B.    Market-oriented pricing

• C.    Mark-up pricing

• D.    Target return pricing

3.    A pricing approach that allows the supplier of the product to recover a certain percentage of the investment annually.

• a.    Cost plus pricing

• B.    Market-oriented pricing

• C.    Mark-up pricing

• D.    Target return pricing

4. 4. In this method, price is calculated based on market conditions

• a.    Cost plus pricing

• B.    Market-oriented pricing method

• C.    Mark-up pricing

• D.    Target return pricing

5.    In this pricing process, the producer determines the price based on the customer’s perception of the products and services.

• A. Auction style pricing

• B. Going-rate pricing

• C. Perceived pricing

• D. Value pricing

6. 6. Under this pricing strategy, business design low priced goods and retain high-quality offerings

• a.    Auction style pricing

• B.    Perceived pricing

• C. Value pricing

• D.    Going-rate pricing

7.    In this pricing system, companies consider the price of the rival to be the basis for deciding the price of their offerings.

• a.    Auction style pricing

• B.    Going-rate pricing

• C.    Sealed bid pricing

• D.    Differential pricing

8.    This style of pricing approach is becoming increasingly popular with more internet and social media use.

• A.    Auction style pricing

• B.    Going rate pricing

• C.    Sealed bid pricing

• D.    Perceived pricing

9.    This kind of method is very common in the case of a government or industrial purchases, wherein bids/tenders are floated in the market, and potential suppliers submit their bids in a closed envelope, not disclosing the bid to anyone.

• a.    Auction style pricing

• B.    Going rate pricing

• C.    Perceived pricing

• D.    Sealed bid pricing

10.    This pricing approach is used when different rates have to be paid by different consumer classes. Prices can also differ depending on the time, region, and type of commodity.

• A.    Auction style pricing

• a.    Differential pricing

• C.    Going rate pricing

• D.    Sealed bid pricing