Promotional Pricing Quiz

What is promotional pricing?

• Giving a product for free for a limited time

• Selling a product at a high price for a short period of time

• Selling a product at a very low price for a short period of time

• Increasing the price of a product temporarily

What are the benefits of promotional pricing?

• Increasing revenue by keeping prices high

• Reducing interest in a product

• Getting rid of unwanted inventory that will not sell

• Creating a price competition with competitors

What is a limitation of promotional pricing?

• The price of each item will be increased

• Revenue will be higher due to increased sales

• It can only be used during economic recessions

• It might lead to a price competition with competitors

When is promotional pricing useful?

• When a product is selling well at its regular price

• When a product is not selling and there is unwanted inventory

• During times of high demand for a product

• When the economy is booming

What can promotional pricing help with during an economic recession?

• Increase the price of products to maximize revenue

• Renew interest in a product if sales are falling

• Reduce competition from other businesses

• Maintain regular pricing to show stability