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Setting Price MCQ with Answers PDF

Practice Setting Price Multiple Choice Questions (MCQ), marketing management quiz answers PDF with live worksheets for online degrees. Solve developing pricing strategies Multiple Choice Questions and Answers (MCQs), Setting Price quiz questions and answers for online business management classes. "Setting Price MCQ" PDF Book: auction type pricing, differential pricing, target return pricing test prep for online schools for business management degrees.

"The first step in the procedure of setting the price is to" Multiple Choice Questions (MCQ) on setting price with choices analyzing prices of competitor's, estimating costs, determining demand, and select pricing objective for online business management classes. Learn setting price quiz questions for merit scholarship test and certificate programs for free online classes.

MCQs on Setting Price

1.

The first step in the procedure of setting the price is to

analyzing prices of competitor's
estimating costs
determining demand
select pricing objective

2.

The maximum current profit, market skimming, product quality leadership and market share are considered as the techniques of

determining demand
select pricing objective
analyzing prices of competitor's
estimating costs

3.

The pricing strategy practiced by company according to which prices are high for products at introduction stage and drops overtime is classified as

push pricing strategy
market penetration pricing
market skimming pricing
quality leadership pricing

4.

The pricing objective of company who is plagued with intense competition and overcapacity is

maximum market skimming
maximum market share
maximum current profit
survival

5.

The pricing strategy uses by companies, operating in price sensitive market is classified as

market penetration pricing
market skimming pricing
quality leadership pricing
push pricing strategy
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