Price

Quiz
•
Business
•
11th Grade
•
Medium

Mahrosh Ahmed Farooq
Used 1+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What might happen if the global price of oil increases?
Petrol company increases its prices
Petrol company decreases its prices
Petrol company stays the same
Petrol company closes
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of using a high price strategy?
To signal luxury or quality
To sell more products
To attract more customers
To reduce costs
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one challenge of a high price strategy?
Attracting customers
Finding products
Reducing prices
Increasing costs
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do customers look for the cheapest product?
To spend more money
To save money
To waste money
To lose money
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What might low prices be associated with?
High quality
Poor quality
No quality
Medium quality
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When will customers buy a product at a low price?
If they see it as a waste of money
If they see it as value for money
If they see it as too expensive
If they see it as useless
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the tactic used in market skimming pricing?
Price initially high
Prices reduced for short time
Prices kept low
Business makes a profit
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