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- 1. Multiple-choice30 seconds1 ptThe amount a seller charges for a good or a service is ____________________.Selling priceCost price
- 2. Multiple-choice30 seconds1 ptPrice is important to customers because it helps them to make buying __________.goalsdecisions
- 3. Multiple-choice30 seconds1 ptMost marketers feel that it is a good strategy to price their products according to the ______________.way their manufacturers view their productsway their customers view their products
- 4. Multiple-choice30 seconds1 ptElizabeth wants to buy Marco’s used iPod. Marco is asking Elizabeth to pay him $100.00 for it.
$100.00 is the iPod’s ____________ _____________.Selling priceCost price - 5. Multiple-choice30 seconds1 ptIt costs a publishing company $8 to produce a paperback book. The company sells each paperback it produces for $9.99. The $1.99 difference is known as the ____________-_____.mark-downmark-up
- 6. Multiple-choice30 seconds1 ptCollaborating With Other Companies (Competitors) To Set Prices For A Company’s ProductsOne Price PricingPrice Fixing
- 7. Multiple-choice30 seconds1 ptThe Practice Of Selling A Product Or Service At A Very Low Price, Intending To Drive Competitors Out Of The MarketPredatory PricingDeceptive Pricing
- 8. Multiple-choice30 seconds1 ptCharging different prices to similar customers in similar situations to create unfair competitionPrice DiscriminationPrice Fixing
- 9. Multiple-choice30 seconds1 ptCustomers are "Baited" by advertising for a product or service at a low price and that advertised product is not available.
The sales person tries to switch the customer to a more expensive product.Bait-and-switch AdvertisingDeceptive Pricing - 10. Multiple-choice30 seconds1 ptForeign producers offer their products to domestic consumers at lower prices than the domestic producers can afford to sell at (below market pricing).DumpingDipping
- 11. Multiple-choice30 seconds1 ptThe use of False or Misleading Statements in advertising (Examples Of Deceptive Pricing Are Savings Claims, Price Comparisons, "Special" Sales, "Two-for-one" Sales, "Factory" Prices, Or "Wholesale" Prices that aren’t true)Deceptive/False PricingPrice Fixing
- 12. Multiple-choice30 seconds1 ptManufacturers try to force retailers to sell their products at certain (usually high) prices and punish the retailer by withholding merchandise or discounts if the retailer doesn’t complyPrice DiscriminationResale Price Maintenance
- 13. Multiple-choice30 seconds1 ptA legal pricing tactic that offers popular products at or below cost to bring customers to that retailer in hopes of selling additional items at a profit. (Many states have adopted minimum price laws to prevent retailers from selling certain goods below costs to avoid predatory pricing practices)Loss-Trailer PricingLoss-Leader Pricing
- 14. Multiple-choice30 seconds1 ptEvery customer negotiates their own price (car dealerships mostly use this type of pricing)Flexible pricingFixed Pricing
- 15. Multiple-choice30 seconds1 ptEvery item in that retail store is at the same price (Dollar Store)One Price PricingSame Price Pricing
- 16. Multiple-choice30 seconds1 ptFactors Affecting Selling PriceCompetition, Demand,
Cost of Item, Economic ConditionsCompetition,
Demand,
Employee,
Pricing
Conditions - 17. Multiple-choice30 seconds1 ptWays the government affects selling price:Employees,
Tariffs &
other taxesRegulations,
Laws,
Tariffs &
other taxes
