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Sports Pricing

Quiz by Michele orr

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15 questions
Show answers
  • Q1
    selling several items as packages for a set price
    bundle pricing
    cost plus pricing
    loss leader pricing
    markup pricing
    30s
  • Q2
    pricing products by calculating all costs and expense and adding desired profit
    target pricing
    cost plus pricing
    loss leader pricing
    price lining
    30s
  • Q3
    a change in price will affect demand
    odd-even pricing
    market share
    elastic demand
    inelastic demand
    30s
  • Q4
    when a product is a necessity, consumers will pay whatever price to purchase it
    inelastic demand
    prestige pricing
    elastic demand
    market share
    30s
  • Q5
    pricing an item at cost or below cost to draw customers into the store
    odd-even pricing
    prestige pricing
    price lining
    loss leader pricing
    30s
  • Q6
    the percentage of the total sales of all companies that sell the same type of product
    market share
    prestige pricing
    markup pricing
    elastic demand
    30s
  • Q7
    the difference between retail or wholesale price and the cost of an item
    target pricing
    predatory pricing
    markup pricing
    odd-even pricing
    30s
  • Q8
    competition between business based on quality, service, and relationships
    bundle pricing
    loss leader pricing
    cost plus pricing
    non-price competition
    30s
  • Q9
    pricing goods with either an odd number or even number to match a product's image
    cost plus pricing
    predatory pricing
    odd-even pricing
    yield management pricing
    30s
  • Q10
    setting a very low price in order to drive competitors out of business
    cost plus pricing
    price lining
    markup pricing
    predatory pricing
    30s
  • Q11
    priced above the average market price to attract customers
    prestige pricing
    loss leader pricing
    product line pricing
    market share
    30s
  • Q12
    the practice of charging different prices to similar buyers
    predatory pricing
    price discrimination
    trade in allowances
    trade in allowances
    30s
  • Q13
    pricing goods according to what the customer is willing to pay
    prestige pricing
    target pricing
    yield management pricing
    market share
    30s
  • Q14
    trading in a old model for a new model
    predatory pricing
    odd-even pricing
    markup pricing
    trade in allowances
    30s
  • Q15
    pricing items at different prices to maximize revenue when limited capacity is involved
    loss leader pricing
    yield management pricing
    non-price competition
    bundle pricing
    30s

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