Pricing Function 4.01
Flashcard
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Hard
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12 questions
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1.
FLASHCARD QUESTION
Front
Pricing is important for both: Customer Satisfaction and Company Success
Back
Customer Satisfaction and Company Success
2.
FLASHCARD QUESTION
Front
Competitive, realistic, and flexible are components of:
Back
Effective Pricing
3.
FLASHCARD QUESTION
Front
Which of the following affects price? Costs, Competition Channel Members and Company Objectives, Supply and Demand, Economic Conditions, and Government Regulations
Back
All of these
4.
FLASHCARD QUESTION
Front
If the economy is not doing well, a company might need to ______ prices
Back
Decrease
5.
FLASHCARD QUESTION
Front
If there is a lot of demand for a specific brand of jeans and the supply is low, the company might ______ price.
Back
Increase
6.
FLASHCARD QUESTION
Front
If the costs for a company to make their products goes up, the price for the product will probably ______.
Back
Increase
7.
FLASHCARD QUESTION
Front
True or False: An inexpensive product will have the highest quality materials with the most features.
Back
False
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