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8441305
ENT I 5.01 Quiz
Descripción
ENT I 5.01 Quiz
Sin etiquetas
marketing
entrepreneurship
honors
10th grade
Test por
Chad Collins
, actualizado hace más de 1 año
Más
Menos
Creado por
Chad Collins
hace más de 7 años
17
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Resumen del Recurso
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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