What is a Product Quiz PDF: Questions and Answers - 63

MCQ 311: The concept which states that new retailers begin as low price and low margin retailers and then covert into high priced retailers they have replaced is called

1. wheel of mega retailers
2. wheel of retailing concept
3. cycle of retailers
4. retailers discount concept

MCQ 312: The kind of pricing strategy which allow sellers to continuously adjust prices according to needs and characteristics of customers is classified as

1. fake pricing
2. termed pricing
3. dynamic pricing
4. international pricing

MCQ 313: The adopter group 'laggards' are

1. deliberate
2. guided by respect
3. skeptical
4. tradition bound

MCQ 314: The price adjustment strategies includes

1. discount pricing
2. promotional pricing
3. dynamic pricing
4. all of above

MCQ 315: The social class group which earns through exceptional ability is best classified as

1. upper middles
2. working class
3. lower uppers
4. upper uppers