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 23 of 24

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Q221.
The new product pricing strategy through which company makes more profitable sales by selling out fewer units is classified as
Discuss
Answer: (b).price skimming
Q222.
The reduction in prices made on larger purchases is classified as
Discuss
Answer: (b).discount
Q223.
The stage of product life cycle in which the product has achieved acceptance from its potential buyers is called
Discuss
Answer: (a).maturity stage
Q224.
The product packaging is futile part of
Discuss
Answer: (c).actual product
Q225.
The less frequently purchased consumer products are called
Discuss
Answer: (a).shopping products
Q226.
In PLC stages, the stage in which the product has rapid market acceptance and profits are likely to increase slightly is called
Discuss
Answer: (a).growth stage
Q227.
To form significant picture of the world, the process of information selection, organizing and interpreting is referred as
Discuss
Answer: (a).perception
Q228.
If a customer buys a cell phone and buy the Bluetooth hands free later then pricing strategy used in this situation is called
Discuss
Answer: (b).optional product pricing
Q229.
Considering products and service classification, the marketing offering such as furniture is an example of
Discuss
Answer: (d).shopping products
Q230.
The issue arise from pricing when big seller sells below cost to put the new small competitors out of business and capture large market share is classified as
Discuss
Answer: (d).predatory pricing