WorksheetsPricing Review
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
What are three factors that influence price?
a)
Supply and Demand, Price, and Cost
b)
Cost, Competition, Supply and Demand.
c)
Competition, marketing, and branding
2.
Define market share.
a)
The total sales volume of competitors in a market.
b)
The price it costs to create a good.
c)
The money earned from selling a product.
3.
How do odd and even pricing influence customers?
a)
Pricing of a good can help customers.
b)
Pricing of a good can hurt consumers.
c)
Odd and even prices suggest a bargain.
4.
Luxury or Necessity? Steak
a)
Luxury
b)
Necessity
5.
Luxury or Necessity? Oil change for a vehicle
a)
Luxury
b)
Necessity
6.
Define branding.
a)
Burning an image onto a cow.
b)
Selling goods to people.
c)
Burning an image into a consumer's brain.
7.
How does supply and demand affect pricing?
a)
Supply and demand determine how much of a good a consumer will. purchase
b)
Supply and demand determine how a good will be remembered by others.
c)
Supply and demand determine if a consumer seeks a bargain.
8.
Which of the following describes ways of branding a product?
a)
Sharing it on your Instagram.
b)
Guerilla marketing, social media marketing.
c)
Logos, testimonials,mascots.
9.
Tagline?
a)
Do (Dew) You
b)
Just Do It
c)
Yes We Can
10.
Slogan?
a)
We'll Leave the Light On For You
b)
Bet You Can't Eat Just One
c)
Because You're Worth It
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