Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Entrepreneurship Chapter 11 Review
Test Description: Glencoe Chapter 11 Test
Instructions: Answer all questions to get your test result.
1) Determining a price strategy involves which of the following?
A
choosing an introductory price
B
determining a pricing policy
C
all of the above
D
selecting a basic approach to pricing
2) To increase profits on individual sales, one can increase
A
prices
B
demand
C
discounts
D
revenue
3) Uses odd prices to suggest bargains and even prices to suggest higher quality.
A
price lining
B
odd/even pricing
C
prestige pricing
D
promotional pricing
4) If the demand for a product is high and supply is low, you can command a
A
discount price
B
high price
C
markdown price
D
low price
5) These costs are subject to change depending on the number of units sold.
A
markdown prices
B
fixed costs
C
market prices
D
variable costs
6) Amount or percentage by which a business lowers its original prices in order to move merchandise.
A
break even
B
cost based pricing
C
markup
D
markdown
7) This pricing strategy dictates that you consider your business costs and your profit objectives
A
competition based pricing
B
cost based pricing
C
demand based pricing
D
basici pricing
8) A pricing policy that allows a customer to bargain for price.
A
competition based
B
cost based
C
flexible price
D
one price
9) This term is the number of units of a product that,when sold at a given price, covers production and distribution costs.
A
discount
B
markdown
C
break even point
D
mark up
10) Pricing technique based on the belief that customers base perception of a product on price.
A
discount pricing
B
psychological pricing
C
price lining
D
prestige pricing
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?