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 16 of 24

Q151.
If the fixed cost is $80000, variable cost is $10 and the product is sold at $25 then the break-even volume will be
Discuss
Answer: (a).5333
Q152.
The cost of products that fluctuate with the level of production are classified as
Discuss
Answer: (c).variable costs
Q153.
If the demand for the product does not change with the small change in price then the demand is said to be
Discuss
Answer: (d).inelastic
Q154.
The selling of the product's price is set with the help of
Discuss
Answer: (a).demand
Q155.
The pricing value of the product which is based on image of buyers about customer support, warranty and support is classified as
Discuss
Answer: (c).perceived value pricing
Q156.
The total cost is divided by production level to calculate
Discuss
Answer: (a).average costs
Q157.
The image pricing, location pricing, channel pricing and time pricing are all types of price discrimination of
Discuss
Answer: (c).Third degree
Q158.
The type of auction which have many buyers and only one seller and the bidder raises the price of an offer is classified as
Discuss
Answer: (a).English auctions
Q159.
The price discrimination in which seller charges less to the customers, who buy in large volumes is classified as
Discuss
Answer: (a).second-degree price discrimination
Q160.
The bidding technique in which only one bid is submitted by sellers is classified as
Discuss
Answer: (d).sealed-bid auctions