ENT I 5.01 Quiz

Descrição

ENT I 5.01 Quiz
Chad Collins
Quiz por Chad Collins, atualizado more than 1 year ago
Chad Collins
Criado por Chad Collins mais de 7 anos atrás
13
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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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