
Pricing Quiz
Authored by Laura Berry
Other
9th Grade
Used 18+ times

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17 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a coupon?
A reward given for purchasing in bulk
A document or code that provides a discount on a product or service
A tool for measuring customer loyalty
A type of warranty for defective products
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is markup in pricing?
The total sales revenue generated
The percentage increase over the cost of a product to set the selling price
The amount spent on advertising
The value added to a product through branding
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does Return on Investment (ROI) measure?
The profit from an investment compared to its cost
The number of units sold
The customer satisfaction level
The cost of goods sold
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens after you hit the breakeven point?
The business continues to incur losses
All additional revenue contributes to profit
Costs increase exponentially
Demand decreases significantly
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is demand elasticity?
The ability of a product to be stretched without breaking
How demand for a product changes with a change in price
The long-term stability of a product's demand
The relationship between supply and production
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of an inelastic product?
Designer handbags
Gasoline
Luxury cars
Smartphones
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is price discrimination?
Setting a universal price for all customers
Offering different prices to different customer segments for the same product
Selling products below cost to drive competitors out of business
Pricing based on competitor strategies
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