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Pricing
| Question | Answer |
|---|---|
| 1. What is an example of an unethical pricing practice? | A company prices its products low in an attempt to drive its competitors out of business |
| 2. Technology allows manufacturers to pre-print product packaging with Universal Product Codes which contain ____ information | Pricing |
| 3. Charging premium prices for lumber to hurricane victims because supply is limited is | Unethical and legal |
| 4. Why do some new companies set their selling prices as low as the can? | To get market share as fast as possible |
| 5. Which of the following factors should businesses consider when establishing a product's selling price: | Economic conditions |
| 6. Which of the following is an example of an ethical issue as it relates to predatory pricing: | A local ice-cream shop prices menu items below cost in an effort to eliminate its competition |
| 7.What costs do business usually include in the price of their product? | Transportation |
| 8. What pricing tactic might be considered questionable by some businesses? | Developing a complex pricing structure |
| 9. What is the advantage to a business of using bar-code pricing? | Easier to change prices |
| 10. What might happen if a business's customers feel that they are not getting the most value for their money? | Customer spend money elsewhere |