Pricing Strategy MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Pricing Strategy, a fundamental topic in the field of Marketing and Marketing Management. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Pricing Strategy MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Pricing Strategy mcq questions that explore various aspects of Pricing Strategy problems. Each MCQ is crafted to challenge your understanding of Pricing Strategy principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace Marketing and Marketing Management tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Pricing Strategy MCQs are your pathway to success in mastering this essential Marketing and Marketing Management topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of Pricing Strategy. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

So, are you ready to put your Pricing Strategy knowledge to the test? Let's get started with our carefully curated MCQs!

Pricing Strategy MCQs | Page 13 of 24

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Q121.
Supply-and-demand model is a partial equilibrium model of
Discuss
Answer: (c).economic equilibrium
Q122.
Evaluate sensitivity of quantity variable, Q, to vary in price variable, P is
Discuss
Answer: (b).price elasticity of demand
Q123.
Scrutinize possible effect on equilibrium of a change in outer surroundings affecting marketplace is
Discuss
Answer: (d).comparative static analysis
Q124.
Expression "supply and demand" was initially used by
Discuss
Answer: (d).James Denham-Stuart
Q125.
Under supposition of ideal competition, supply is determined through
Discuss
Answer: (a).marginal cost
Q126.
Price, at which sellers mutually are ready to sell identical amount as buyers collectively are agreeable to buy, identified as
Discuss
Answer: (d).b & c
Discuss
Answer: (c).b & c
Q128.
Basic rule of economic theory which declares that, all else equal, an augment in price results in a boost in quantity supplied is
Discuss
Answer: (c).law of supply
Q129.
If demand remains unaffected and supply diminish (supply curve shifts to left), a deficiency arise, leading to a
Discuss
Answer: (c).higher equilibrium price
Q130.
If demand increases (demand curve shifts to right) and supply have no alteration, a lack happens, leading to a more
Discuss
Answer: (a).equilibrium price