Pricing Strategies
Authored by Sarah Williams
English
12th Grade
CCSS covered
Used 1+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
It involves adjusting prices in real-time based on various factors, such as demand, supply, and customer behavior
Cost-plus pricing
Dynamic pricing
Competitor-based pricing
Value-based pricing
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A type of pricing strategy that is basing a product or service’s price on how much the target consumers believe it’s worth.
Value-based pricing
Cost-plus pricing
Dynamic pricing
Competitor-based pricing
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Jollibee and McDonalds are fast-food giants that are often engage in price wars. They are adjusting their menu prices to match or undercut each other's offerings. This is an example of which type of Pricing Strategy?
Value-based pricing
Cost-plus pricing
Competitor-based pricing
Dynamic Pricing
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Grab: This ride-sharing app utilizes _______ pricing strategy, where as they are adjusting fares based on factors like demand, traffic, and time of day.
Competitor-based pricing
Cost-plus pricing
Dynamic pricing
Value-based pricing
Tags
CCSS.RI.9-10.4
CCSS.RI.9-10.4
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In Target Profit Pricing, what is the formula for Unit Cost?
Variable Cost + (Fixed Costs / # of Units)
Unit Cost x Mark-Up %
Unit Cost + PMV
Target ROI x Investment
Tags
CCSS.8.EE.C.7B
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Cost-plus pricing is easy to calculate and ensures cost coverage.
True
False
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following pricing strategies focuses on setting prices based on merchandise cost?
a) Everyday Low Prices (EDLP)
b) High/Low Pricing
c) Cost-Oriented Method
d) Demand-Oriented Method
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