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8441305
ENT I 5.01 Quiz
Descrição
ENT I 5.01 Quiz
Sem etiquetas
marketing
entrepreneurship
honors
10th grade
Quiz por
Chad Collins
, atualizado more than 1 year ago
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Criado por
Chad Collins
mais de 7 anos atrás
17
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Resumo de Recurso
Questão 1
Questão
When the costs of raw materials increase considerably, a business is likely to perform which action?
Responda
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
Questão 2
Questão
Which is an example of a business using a flexible pricing policy?
Responda
Establishing prices that are competitive
Lowering prices during bad economic times
Setting prices as low as possible
Questão 3
Questão
During which stage of the product life cycle is a business likely to try to stabilize the price of the product?
Responda
Expansion
Introductry
Obsolescence
Maturity
Questão 4
Questão
What is the purpose of sales-oriented, pricing objectives?
Responda
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
Questão 5
Questão
One reason why the target market of a business affects its pricing is because consumers in each target market usually perform which action?
Responda
Monitor the industry standard
Expect a large product mix
Prefer products in the growth stage
Judge the value of products differently
Questão 6
Questão
The price function often influences the place function by determining which information?
Responda
When the product is made.
Why the product is shipped.
How the product is advertised.
Where the product is sold.
Questão 7
Questão
Why would a manager of a local business keep track of the prices that similar businesses in the area are charging?
Responda
To remain competitive
To improve advertising
To promote image
To offer new services
Questão 8
Questão
Why do some new companies set their selling prices as low as they can?
Responda
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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