The prices that buyers keep in their mind and compare the price of given product to other product’s prices are called?

Related Mcqs:

1. The pricing strategy for products or services in which company charges higher prices everyday but run promotion for low prices for selective products is called?

   A. low high pricing
   B. every day same pricing
   C. everyday low pricing
   D. high low pricing

2. The price discrimination in which the seller charges different prices for different classes for buyers is classified as ___________?

   A. fourth-degree discrimination
   B. second-degree price discrimination
   C. first-degree price discrimination
   D. third-degree discrimination

3. In consumer promotions, the certificates given to product buyers which confirms savings when they buy particular items are called?

   A. sample
   B. coupon
   C. premium
   D. cash refunds

4. The stage of product life cycle in which the product has achieved acceptance from its potential buyers is called?

   A. maturity stage
   B. productive stage
   C. improved market stage
   D. profit achieved stage

5. The pricing strategy used to set prices of the products that are must be used with the main product is called?

   A. optional product pricing
   B. product line pricing
   C. competitive pricing
   D. captive product pricing

6. The pricing strategy used to set prices for products that are optional with the main product bought is called?

   A. competitive pricing
   B. captive product pricing
   C. optional product pricing
   D. product line pricing

7. The pricing strategy used to set price of by-products to make the price of main product even more competitive is classified as?

   A. by-product pricing
   B. captive product pricing
   C. optional product pricing
   D. Two part pricing

8. The type of auctions which considers both situations such as, many buyers and one seller or one seller and many buyers, is classified as ___

   A. Australian auctions
   B. English auctions
   C. Dutch auctions
   D. Sealed-bid auctions

9. The qualities of product that buyers evaluate after purchasing the product is classified as ___________?

   A. minor qualities
   B. search qualities
   C. credence qualities
   D. experience qualities

10. The qualities of product that are hard for buyers to evaluate even after purchasing the product are classified as __________?

    A. minor qualities
    B. search qualities
    C. credence qualities
    D. experience qualities