Services Marketing - chapter 6

Beschreibung

Understanding costs and developing pricing strategy
Lorisse Bazley
Quiz von Lorisse Bazley, aktualisiert more than 1 year ago
Lorisse Bazley
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Zusammenfassung der Ressource

Frage 1

Frage
A cost management system that provides a structured way of thinking about the relationship between activities and the resources they consume is known as:
Antworten
  • activity-based costing
  • volume-based costing
  • product-based costing
  • yield-based costing

Frage 2

Frage
Services often invite performance and pricing abuses for which of the following reasons?
Antworten
  • Customers may not be present when the work is being performed.
  • Customers may not have the technical skills necessary to evaluate performance.
  • Quality and benefits may be difficult to evaluate even after delivery
  • Customers may not be able to assess the amount, if any, of work done.
  • All of the above

Frage 3

Frage
In some cases, __________ demand might be more important than achieving maximum __________, as long as basic __________ requirements are met.
Antworten
  • maximising; profit; profit
  • basic; profit; needs
  • actualising; profit; profit
  • maximising; exposure; profit

Frage 4

Frage
Which of the following is NOT a revenue or profit objective?
Antworten
  • Vary prices to maximise revenue from a fixed capacity
  • Cover all costs, including overhead
  • Cover costs of providing a particular service
  • Maximise demand

Frage 5

Frage
A customer who perceives high levels of __________ risk worries about how comfortable and secure they will feel with a particular service provider.
Antworten
  • temporal
  • performance
  • psychological
  • social

Frage 6

Frage
When price is set and used with the aim of maximising sales, cash flow and/or profits, we may say that the pricing objective is primarily:
Antworten
  • operations-oriented
  • patronage-oriented
  • revenue-oriented
  • production-oriented

Frage 7

Frage
Which of the following does an effective pricing strategy do?
Antworten
  • Keeps prices below costs
  • Makes service pricing difficult to understand
  • Fulfils the promise of the value proposition
  • Eliminates non-monetary costs

Frage 8

Frage
Marketing’s task in helping maximise ARGE involves all of the following except:
Antworten
  • providing the sales force with specific sales target on specific dates for each segment
  • providing guidelines for what prices to charge each segment at specific points in time
  • monitoring price over time
  • forecasting the volumes of business that might be obtained from each segment at specific price levels

Frage 9

Frage
A customer who perceives high levels of _________ worries about when and how she will be able to find, evaluate and select a service provider.
Antworten
  • time and effort cost
  • performance risk
  • psychological risk
  • financial cost

Frage 10

Frage
A service organisation may take into consideration all of the following costs when using the cost-based pricing, except:
Antworten
  • semi-variable costs
  • marginal costs
  • opportunity costs
  • variable costs
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