WorksheetsPromotional Pricing Quiz
Total questions: 5
Worksheet time: 3mins
What is promotional pricing?
Giving a product for free for a limited time
Selling a product at a high price for a short period of time
Selling a product at a very low price for a short period of time
Increasing the price of a product temporarily
What are the benefits of promotional pricing?
Increasing revenue by keeping prices high
Reducing interest in a product
Getting rid of unwanted inventory that will not sell
Creating a price competition with competitors
What is a limitation of promotional pricing?
The price of each item will be increased
Revenue will be higher due to increased sales
It can only be used during economic recessions
It might lead to a price competition with competitors
When is promotional pricing useful?
When a product is selling well at its regular price
When a product is not selling and there is unwanted inventory
During times of high demand for a product
When the economy is booming
What can promotional pricing help with during an economic recession?
Increase the price of products to maximize revenue
Renew interest in a product if sales are falling
Reduce competition from other businesses
Maintain regular pricing to show stability
