Price It Right!

Price It Right!

University

10 Qs

quiz-placeholder

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Price It Right!

Price It Right!

Assessment

Quiz

Other

University

Practice Problem

Easy

Created by

Jean Cruz

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10 questions

Show all answers

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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