Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Pricing Strategies
Test Description: Review of 10 different pricing strategies.
Instructions: Answer all questions to get your test result.
1) Customers pay different prices for the same type or amount of merchandise. This permits customer to bargain.
A
flexible pricing
B
prestige pricing
C
bundle pricing
D
price skimming
2) Sets a very high price for a new product.
A
prestige pricing
B
price lining
C
loss-leader pricing
D
price skimming
3) Based on the psychological principle that odd numbers convey a bargain.
A
promotional pricing
B
odd pricing
C
even pricing
D
everyday low prices
4) Prices that end in an even number give the impression of quality and value.
A
odd pricing
B
even pricing
C
promotional pricing
D
multiple unit pricing
5) Consistently low prices, no other promotions or sales are offered.
A
everyday low prices
B
promotional pricing
C
loss-leader pricing
D
prestige pricing
6) Price is set deliberately high to convey status and high quality.
A
bundle pricing
B
prestige pricing
C
price lining
D
price skimming
7) Company offers several complimentary products in a package sold at a single price.
A
even pricing
B
bundle pricing
C
multiple-unit pricing
D
promotional pricing
8) Pricing items in multiples suggests a bargain, such as 3 for $1.
A
odd pricing
B
loss-leader pricing
C
multiple-unit pricing
D
price lining
9) Sets a limited number of prices for a line of merchandise.
A
price skimming
B
promotional pricing
C
price lining
D
penetration pricing
10) Discounts and/or sales where prices are reduced for a limited time.
A
everyday low prices
B
promotional pricing
C
cost-plus pricing
D
bundle 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?