ENT I 5.01 Quiz

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ENT I 5.01 Quiz
Chad Collins
Test por Chad Collins, actualizado hace más de 1 año
Chad Collins
Creado por Chad Collins hace más de 7 años
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Pregunta 1

Pregunta
When the costs of raw materials increase considerably, a business is likely to perform which action?
Respuesta
  • Maintain similar profit margins as its competitors
  • Implement a long-term markup pricing policy
  • Continue following the same marketing strategies
  • Increase the selling price of a product

Pregunta 2

Pregunta
Which is an example of a business using a flexible pricing policy?
Respuesta
  • Establishing prices that are competitive
  • Lowering prices during bad economic times
  • Setting prices as low as possible

Pregunta 3

Pregunta
During which stage of the product life cycle is a business likely to try to stabilize the price of the product?
Respuesta
  • Expansion
  • Introductry
  • Obsolescence
  • Maturity

Pregunta 4

Pregunta
What is the purpose of sales-oriented, pricing objectives?
Respuesta
  • To increase the total amount of sales income
  • To create profits for the business
  • To increase the return on investment
  • To guarantee the survival of the business

Pregunta 5

Pregunta
One reason why the target market of a business affects its pricing is because consumers in each target market usually perform which action?
Respuesta
  • Monitor the industry standard
  • Expect a large product mix
  • Prefer products in the growth stage
  • Judge the value of products differently

Pregunta 6

Pregunta
The price function often influences the place function by determining which information?
Respuesta
  • When the product is made.
  • Why the product is shipped.
  • How the product is advertised.
  • Where the product is sold.

Pregunta 7

Pregunta
Why would a manager of a local business keep track of the prices that similar businesses in the area are charging?
Respuesta
  • To remain competitive
  • To improve advertising
  • To promote image
  • To offer new services

Pregunta 8

Pregunta
Why do some new companies set their selling prices as low as they can?
Respuesta
  • To get market share as fast as possible
  • To eliminate all possible competition
  • To earn a high return on investment
  • To quickly make a large profit
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