
Pricing Concepts Quiz
Authored by Linh LĂŞ
English
1st Grade
Used 1+ times

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30 questions
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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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