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WorksheetsRevenue Quiz (fundamental and price)
Total questions: 14
Worksheet time: 13mins
It is important to communicate your price only when your customer fully understands the seller value of offering.
TRUE
FALSE
Which of the following global dynamic price competition are the MOST important factor that will influence B2C pricing process?
Low cost factors and Best deal option
Large Purchasing Groups & Thigh competition
Value of return and relationship
Effective negotiation & Discounting
When Business buy product and services from other business, they are buying __________.
A collection of benefits
A collection of value
A collection of product that yielded the overall profit
A collection of items that favored by customer
Consumer (buyer) equate price with _____________before buying decision
How long it will hold up when used
How much the society likes the product
The approximate value of the product
The cost it took to make the product
Consumer (buyer) equate price with _____________ after buying the product.
How long it will hold up when used
How much the society likes the product
The approximate value of the product
Cost of the product value
A customer is MOST likely to buy your product if they perceive ___________.
The value is less than the price
The value to be higher than the price
The value is irrelevant to the purchase
The value is equal to the price
Implementing price cutting for group booking is also known as using _______________ for profit maximization
Cost pricing strategy
Value pricing strategy
Inventory pricing strategy
Seller and buyer pricing strategy
Giving freebies for bulk purchase is also known as using _______________ for profit maximization
Cost pricing strategy
Value pricing strategy
Inventory pricing strategy
Seller and buyer pricing strategy
When using noun pricing strategy, be prepared to ______
Focus on value checklists when determine price.
Focus on numerical and cost factors when determine price.
When using verb pricing strategy, be prepared to ______
Focus on value checklist when determine price.
Focus on numerical and costs factors when determine price.
When a competitor offers a discount to a group of niche market, the following is one of the best responses:
Apply the same discount as your competitor
Offer a low end version of your product
Do nothing
Don't worry - competitors rarely make such discounts
Revenue strategy is about using all marketing, finance, economic and management aspects to achieve ______________
Profit maximization, inventory margin and cost effectiveness
Expected profit, forecast inventory and controllable cost
Minimum profit, expected inventory and maximum marginal cost
When using seller and buyer pricing strategy, cost do not present in pricing decision.
True
False
Hotel used ADR to determine daily rate by using yield strategy and Food service industry used promotional rate to determine menu price by using yield strategy.
True
False
