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Price

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Setting the correct price depends on:

a)

How much it costs to make

b)

Colour of Product

c)

Time of Year

d)

Competitors Prices

2.

This is a short term pricing strategy that involves reducing the price of a product to help clear it.

a)

Promotional Pricing

b)

Premium Pricing

c)

Demand-orientated Pricing

d)

Destroyer Pricing

e)

Market Skimming Pricing

3.

The strategy involves charging a high price in order to appear more exclusive.

a)

Promotional Pricing

b)

Premium Pricing

c)

Demand-orientated Pricing

d)

Destroyer Pricing

e)

Market Skimming Pricing

4.

This strategy is short term and involves increasing/decreasing the price demanding on the demand.

a)

Promotional Pricing

b)

Premium Pricing

c)

Demand-orientated Pricing

d)

Destroyer Pricing

e)

Market Skimming Pricing

5.

This strategy involves charging such a low price that competitors just cannot compete.

a)

Promotional Pricing

b)

Premium Pricing

c)

Demand-orientated Pricing

d)

Destroyer Pricing

e)

Market Skimming Pricing

6.

This strategy is used when a new product is launched at a high price when people must have it.

a)

Promotional Pricing

b)

Premium Pricing

c)

Demand-orientated Pricing

d)

Destroyer Pricing

e)

Market Skimming Pricing

7.

BOGOF is an example of:

a)

Promotional Pricing

b)

Premium Pricing

c)

Demand-orientated Pricing

d)

Destroyer Pricing

e)

Market Skimming Pricing

8.

High prices for holidays during the school break is an example of:

a)

Promotional Pricing

b)

Premium Pricing

c)

Demand-orientated Pricing

d)

Destroyer Pricing

e)

Market Skimming Pricing

9.

Charging a high price for a designer handbag is an example of:

a)

Promotional Pricing

b)

Premium Pricing

c)

Demand-orientated Pricing

d)

Destroyer Pricing

e)

Market Skimming Pricing

10.

Charging a high price for a new iPhone is an example of

a)

Promotional Pricing

b)

Premium Pricing

c)

Demand-orientated Pricing

d)

Destroyer Pricing

e)

Market Skimming Pricing