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WorksheetsPricing quiz
Total questions: 10
Worksheet time: 5mins
____ includes the decisions made about pricing levels, discounts offered, and credit offered to customers.
Price lining
Price mix
Bundling
Prestige pricing
______ sets prices low for the base product
but charges high prices for other components that are needed to complete the product.
Bundling
Captive pricing
Odd pricing
Prestige pricing
____ combines two or more products/services for a single price
that is lower than if the products were purchased separately.
Bundling
Even pricing
Prestige pricing
Price lining
______ sets prices high to convey quality and status.
Odd pricing
Prestige pricing
Captive pricing
Bait and switch
_____ is the practice of advertising one product with the intent of
persuading customers to buy a more expensive item when they arrive at the store.
Captive pricing
Prestige pricing
Buy one get one
Bait and switch
_____occurs when two or more businesses in an industry
agree to sell the same product at the same price.
Captive pricing
Price ceiling
Predatory pricing
Price fixing
_____ occurs when a company sells the same product to different customers
at different prices based on personal characteristics.
Price discrimination
Price fixing
Predatory pricing
Bait and switch
____ is the practice of setting the prices of products in a way to intentionally mislead the customer.
Deceptive pricing
Predatory pricing
Captive pricing
Price fixing
____ is the practice of setting very low prices to remove chances of any competition.
Deceptive pricing
Price discrimination
Predatory pricing
Price floors
Which of the following are unethical and/or illegal pricing practices?
Choose all that apply.
Price discrimination
Price fixing
Deceptive pricing
Price lining
