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Pricing

QuestionAnswer
What might happen if a business's customers feel that they are not getting the most value for their money? Customers spend money elsewhere
Wall-Mart and Sears attract two different types of customers because of their pricing strategies. They have established their prices based on _______ decisions. customer
Charging premium prices for lumber to hurricane victims because supply is limited is Unethical and legal
Which of the following is an example of an unethical issue as it relates to predatory pricing: A local ice cream shop prices menu items below cost in an effort to eliminate competition
One way that many business use technology to reduce the the cost associated with marking prices on products is by using computer-generated tags
Technology allows manufacturers to pre-print product packaging with Universal Product Codes (UPCs) which contain _______ information. Pricing
Which of the following factors should businesses consider when established a product's selling price: Economic conditions
What costs do businesses usually include in the price of their products? Transportation
What would be the most appropriate pricing strategy for a business in a small town where unemployment has skyrocketed and the economy is in a downturn? Flexible pricing
What is an example of an unethical pricing practice ? A company prices its products low in attempt to drive its competitors out of business
Created by: tillytheman
 

 



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