Related Mcqs:

1. The first step of cost based pricing strategy is to?

   A. design a product
   B. determine cost of product
   C. set price based on cost
   D. convince buyer about products value

2. The second step in cost based pricing is to?

   A. set price based on cost
   B. convince buyer about products value
   C. design a product
   D. determine cost of product

3. The first step of value based pricing is to?

   A. assess needs of customer
   B. set target price
   C. determine incurred costs
   D. design product

4. The fourth step of value based pricing is to?

   A. determine incurred costs
   B. design product
   C. assess needs of customer
   D. set target price

5. When the captive product pricing is used for services then this pricing strategy is classified as?

   A. two-part pricing
   B. combine pricing
   C. double pricing
   D. optional part pricing

6. The kind of pricing strategy in which one product or service is sold for two different prices without any differences in cost is classified as?

   A. segmented pricing
   B. psychological pricing
   C. promotional pricing
   D. geographical pricing

7. The issues in pricing strategies includes?

   A. predatory pricing
   B. price fixing
   C. deceptive pricing
   D. all of above

8. The pricing strategy which combines prices of two or more products in a combo pack is classified as?

   A. segmented pricing
   B. discount pricing
   C. allowance pricing
   D. product bundle pricing

9. Considering pricing strategies, the price issue that arise when sellers set prices with opinion from competitors is classified as?

   A. price fixing
   B. predatory pricing
   C. price maintenance
   D. discriminatory pricing

10. The pricing strategy which considers setting the price after designing marketing program is classified as?

    A. value based pricing
    B. cost based pricing
    C. discount based pricing
    D. ceiling based pricing