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 15 of 24

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Q141.
The reduction in price awarded to customers who buy products in large volumes is classified as
Discuss
Answer: (c).quantity discount
Q142.
The costs of products that do not fluctuate with the level of production are classified as
Discuss
Answer: (d).fixed costs
Q143.
On The Christmas and Easter, lower prices pricing techniques are classified as
Discuss
Answer: (d).special event pricing
Q144.
If the demand of the product changes considerably with the small change in price then the demand is said to be
Discuss
Answer: (c).elastic
Q145.
The pricing strategy uses by companies, operating in price sensitive market is classified as
Discuss
Answer: (a).market penetration pricing
Q146.
The pricing discrimination in which different forms of same market offer its prices differently is classified as
Discuss
Answer: (d).product-form pricing
Q147.
Supply-and-demand model is a partial equilibrium model of
Discuss
Answer: (c).economic equilibrium
Q148.
Evaluate sensitivity of quantity variable, Q, to vary in price variable, P is
Discuss
Answer: (b).price elasticity of demand
Q149.
Scrutinize possible effect on equilibrium of a change in outer surroundings affecting marketplace is
Discuss
Answer: (d).comparative static analysis
Q150.
Expression "supply and demand" was initially used by
Discuss
Answer: (d).James Denham-Stuart