29 Jun Indicate whether the statement presented
Question
1.Indicate whether the statement presented is true or false. Price is nothing more than the money exchanged for a good or service. (Points : 1)
True
False
Question 2.2.Indicate whether the statement presented is true or false. The practice of marking up prices by 100 percent, or doubling the cost, is known as profit maximization. (Points : 1)
True
False
Question 3.3.What is the term for laws that prohibit wholesalers and retailers from selling below cost? (Points : 1)
unfair pricing
unfair trade practice acts
unfair demand
unfair yield profit
Question 4.4.Indicate whether the statement presented is true or false. To achieve profit maximization, a firm must charge a price higher than the products perceived value. (Points : 1)
True
False
Question 5.5.Indicate whether the statement presented is true or false. Two effective pricing tactics to hold or build market share during a recession are value-based pricing and bundling. (Points : 1)
True
False
Question 6.6.Indicate whether the statement presented is true or false. The general price level at which the company expects to sell the good of services is called the beginning price. (Points : 1)
True
False
Question 7.7.Indicate whether the statement presented is true or false. Price can relate to anything with perceived value, not just money. When goods and services are exchanged, the trade is called barter. (Points : 1)
True
False
Question 8.8.What is stocking well-known branded items at high prices in order to sell store brands at discounted prices? (Points : 1)
selling against the brand
management yield
equilibrium management
yield profit
Question 9.9.Indicate whether the statement presented is true or false. When two executives from competing firms collaborate on how much to charge from a product, they are practicing price skimming, which is illegal under the Sherman Act and the Federal Trade Commission Act. (Points : 1)
True
False
Question 10.10.
Indicate whether the statement presented is true or false. Using a skimming pricing policy a firm charges a high introductory price, often coupled with heavy promotion.
(Points : 1)
True
False
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