If the demand for the product does not change with the small change in price then the demand is said to be ________?

Related Mcqs:

1. If the demand of the product changes considerably with the small change in price then the demand is said to be __________?

   A. interactive B. augmented C. elastic D. inelastic...

2. A. width of product mix B. length of product mix C. depth of product mix D. consistency of product mix __________?

   A. guarantees B. warranties C. labeling D. packaging...

3. The price discrimination in which same product is charged differently at different places even though cost of offering the product is exactly same is known as ________?

   A. customer segment pricing B. product-form pricing C. location pricing D. channel pricing...

4. The demand for a particular product can decline if the price is _________?

   A. stable B. high C. low D. constant...

5. The price increasing technique in which companies with long lead times, do not set price until product is finished is classified as _____________?

   A. reduction of discounts B. unbundling C. delayed quotation pricing D. escalator clauses...

6. The product strategy according to which product is marketed without any change in foreign market is classified as?

   A. product adaptation B. straight product extension C. product invention D. communication adaptation...

7. The factor which does not lead in product price increasing is _________?

   A. cost inflation B. over demand C. anticipatory pricing D. predatory pricing...

8. 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...

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

   A. double way pricing B. Two way pricing C. reference prices D. comparable prices...

10. If the price of product is $150, cost of maintenance is $15 and the discounted salvage value is $85, then the life cycle cost of product is _________?

    A. $80 B. $165 C. $15 D. $85...