Pricing Concepts Quiz

Pricing Concepts Quiz

1st Grade

30 Qs

quiz-placeholder

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Pricing Concepts Quiz

Pricing Concepts Quiz

Assessment

Quiz

English

1st Grade

Practice Problem

Easy

Created by

Linh Lê

Used 1+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the value that customers give up to obtain a desired product?

Price

Gift

Discount

Coupon

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What can payment be in the form of?

Only money

Only goods

Money, goods, services, or anything of value

Only services

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What must be considered when pricing a new product?

Weather conditions

Market conditions and competitors' prices

Color of the product

Size of the product

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the value placed on what is exchanged called?

Price

Gift

Discount

Coupon

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which perspective includes functional, quality, operational, financial, and personal aspects?

Seller's perspective

Consumer's perspective

Manufacturer's perspective

Distributor's perspective

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in price setting according to the diagram?

Estimate Demand

Develop Pricing Objectives

Determine Costs

Choose a Pricing Strategy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which step involves evaluating the pricing environment?

Step 2

Step 4

Step 5

Step 6

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