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Revision quiz for Unit 2

Authored by nlckoLe Yap

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Professional Development

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Revision quiz for Unit 2
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46 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Service organizations even use different terms to describe the prices. Which of the following describes prices in the hotel industry?

Service interests

Room commissions

Room rates

Utility fees

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following pricing strategies determines price based on overhead costs?

Cost plus pricing

Value based pricing

Dynamic pricing

Loyalty pricing

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following pricing strategies' encourage business innovation?

Cost plus pricing

Value based pricing

Dynamic pricing

Loyalty pricing

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following pricing strategies' help business maximise revenue according to market demands and fluctuations?

Cost plus pricing

Value based pricing

Dynamic pricing

Loyalty pricing

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This pricing strategy may seem unfair by customers.

Cost plus pricing

Value based pricing

Dynamic pricing

Loyalty pricing

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT an objective of service pricing?

Build supply

Gain profit

Support positioning strategy

Cover costs

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

The pricing tripod consist of ______, costs and value to customer.

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