
Price It Right!
Quiz
•
Other
•
University
•
Practice Problem
•
Easy
Jean Cruz
Used 6+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
El Nido Resort has decided to raise its nightly rate to ₱30,500 for a 3-person villa. They claim the rate reflects their world-class exclusivity and luxury.
Which pricing strategy are they using?
Product Bundling Pricing
Market Penetration Pricing
Prestige Pricing
Promotional Pricing
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A new dive resort has opened in a remote island in the Philippines. Initially, they set very high prices because few competitors exist and the service is niche.
Which strategy are they applying?
Market Skimming Pricing
Volume Discounts
Psychological Pricing
Government Regulation
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A resort offers a promo: book 10 rooms and get 1 room free. This helps attract big groups like corporate outings.
Which pricing strategy is this?
Discriminatory Pricing
Product Bundling Pricing
Volume Discounts
Prestige Pricing
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A family-friendly resort charges different buffet prices for children, adults, and seniors, even if everyone gets the same food.
What type of pricing is this?
Promotional Pricing
Discriminatory Pricing
Cost-Based Pricing
Market Skimming Pricing
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A new beach resort launches a "₱499 haircut promo" to attract more customers, instead of pricing it at ₱500. Which pricing approach is being used here?
Prestige Pricing
Market Penetration
Psychological Pricing
Volume Discounts
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Cebu Pacific offers “₱1 seat sales” during the rainy season when fewer people travel.
Which pricing strategy is this?
Discounts Based on Time of Purchase
Promotional Pricing
Market Penetration
Product Bundling
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A newly opened café gives free desserts to the first 100 customers during its grand opening.
This is an example of what kind of pricing?
Psychological Pricing
Promotional Pricing
Discriminatory Pricing
Volume Discounts
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