________ is setting the price steps between various products in a product the based on cost difference between the products, customer evaluations of different features, and competitors prices ?

Related Mcqs:

1. A company is in the ________ stage of the new product development process when the company develops the product concept into a physical product in order to assure that the product idea can be turned into a workable product ?

   A. product development
   B. commercialization
   C. marketing strategy
   D. business analysis

2. If a government uses barriers to foreign products such as biases against a foreign company’s bids or product standards that go against a foreign company’s product features the government is using ?

   A. Protectionism
   B. exchange controls
   C. exchange facilitators
   D. nontariff trade barriers

3. Suppose the price level falls but suppliers only notice that the price of their particular product has fallen Thinking there has been a fall in the relative price of their product they cut back on production, This is a demonstration of the ?

   A. misperceptions theory of the short run aggregate supply curve
   B. classical dichotomy theory of the short run aggregate supply curve
   C. sticky price theory of the short run aggregate supply curve
   D. sticky wage theory of the short run aggregate supply curve

4. A number of relating prices of a group of commodities to their prices during an arbitrarily chosen based period is called ?

   A. Price index
   B. Price indexing
   C. Price fixing
   D. Price choosing

5. If input price prices adjusted very rapidly to output prices as classical economists argue the Philips curve would be ?

   A. Vertical or nearly vertical
   B. upward sloping
   C. downward sloping
   D. horizontal or nearly horizontal

6. If the total product of two workers is 80 and the total product of 3 workers is 90 then the average product of the third worker is ________ and the marginal product of the third worker is _________?

   A. 160; 270
   B. 10; 30
   C. 10; 3.33
   D. 30; 10

7. ______ includes practices such as overstating the product’s features or performance luring the customer to the store for a bargain that is out of stock, or running rigged contests ?

   A. Deceptive promotion
   B. Deceptive packaging
   C. Deceptive pricing
   D. Deceptive cost structure

8. A product will be traded only if the pre-trade price difference between the two countries ?

   A. is less than the cost of transporting it between them
   B. is greater than the cost of transporting it between them equals the cost of transporting it between them
   C. equals the cost of transporting it between them
   D. more information in needed to answer this

9. Marketers are sometimes accused of deceptive practices that lead consumers to believe they will get more value than they actually do. _____ includes practices such as falsely advertising factory of wholesale prices or a large price reduction from a phony high retail price ?

   A. Deceptive promotion
   B. Deceptive packaging
   C. Deceptive pricing
   D. Deceptive cost structure

10. Suppose that the world price of tin is above the target (ceiling) price that is defined by an international commodity agreement. To move the world price toward the target price, a buffer stock agreement would require its buffer stock manager to ____ tin and an export quota agreement would require that member countries _________ their export of tin?

    A. purchase; decrease
    B. purchase; increase
    C. sell; increase
    D. sell; decrease