SEM II 3.03 Study Guide

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If a goal is to avoid storing or discarding merchandise, what pricing strategy should be selected?

A sporting event setting ticket prices based on the ability of potential customers to pay is an example of what pricing strategy?

A college athletic department set the football ticket prices so that the organization can earn income of $12 per ticket after covering expenses. This is an example of a price objective based on which component?

Which is the least important factor when selecting a pricing strategy?

Why would an event marketer promote an upcoming celebrity golf tournament at an exclusive course as an once-in-a-lifetime event?

A soccer camp provided five leaders at $8 per hour for eight hours a day for five days. If benefits are 20% of the wages and supplies total $650, calculate the cost per person if 40 players attend.

The variable cost for a product is $3, and the total fixed costs are $288,000. The company sells the products for $6 each. How many products will the company have to sell to break even?

A business decided to produce 6,000 football cushions and sell them for $6 each. They cost the company $4 each to produce. How many cushions must the company sell to break even?