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A reduction in price exchange for the customer's old product when a new one is purchased is called a(n)
if there is a small quantity of the product but a very large demand
the company has high levels of inventory
zone pricing
trade-in allowance.
total revenue will go up when prices fall.
lowest: cost of the seller
is used by a business to attract a large share of the market early.
20 years
In this pricing strategy, different product or transportation cost are set for specific areas of the seller's market.
if there is a small quantity of the product but a very large demand
the company has high levels of inventory
zone pricing
trade-in allowance.
total revenue will go up when prices fall.
lowest: cost of the seller
is used by a business to attract a large share of the market early.
20 years
A penetration price strategy
if there is a small quantity of the product but a very large demand
the company has high levels of inventory
zone pricing
trade-in allowance.
total revenue will go up when prices fall.
lowest: cost of the seller
is used by a business to attract a large share of the market early.
20 years
A company is most likely to use a sales-based pricing objective when
if there is a small quantity of the product but a very large demand
the company has high levels of inventory
zone pricing
trade-in allowance.
total revenue will go up when prices fall.
lowest: cost of the seller
is used by a business to attract a large share of the market early.
20 years
The ___ price in the price range is determined by the
if there is a small quantity of the product but a very large demand
the company has high levels of inventory
zone pricing
trade-in allowance.
total revenue will go up when prices fall.
lowest: cost of the seller
is used by a business to attract a large share of the market early.
20 years
If demand for a product or service is elastic,
if there is a small quantity of the product but a very large demand
the company has high levels of inventory
zone pricing
trade-in allowance.
total revenue will go up when prices fall.
lowest: cost of the seller
is used by a business to attract a large share of the market early.
20 years
Patents are granted to inventors of unique products for a period of
if there is a small quantity of the product but a very large demand
the company has high levels of inventory
zone pricing
trade-in allowance.
total revenue will go up when prices fall.
lowest: cost of the seller
is used by a business to attract a large share of the market early.
20 years
The price of a product is likely to be relatively high
if there is a small quantity of the product but a very large demand
the company has high levels of inventory
zone pricing
trade-in allowance.
total revenue will go up when prices fall.
lowest: cost of the seller
is used by a business to attract a large share of the market early.
20 years
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