Are You Knowledgeable About Configure, Price And Quote (Cpq)

10 Questions | Total Attempts: 299

SettingsSettingsSettings
Please wait...
Are You Knowledgeable About Configure, Price And Quote (Cpq)

Doing business requires a sound knowledge of figures. Figures understanding determine the success or failure of your business. Confusion could pop up from the numerous amount of products to add up. Are you having problems with determining the number of products needed in your business? This quiz is for you, do it now!


Questions and Answers
  • 1. 
    What is the actual payment made for goods called? 
    • A. 

      Bid price 

    • B. 

      Transaction price 

    • C. 

      Selling price 

    • D. 

      Total price 

  • 2. 
    What is the quanitity of payment offered by a buyer called? 
    • A. 

      Bid price 

    • B. 

      Selling price 

    • C. 

      Cost price 

    • D. 

      Actual price 

  • 3. 
    What price agrees with demand and supply? 
    • A. 

      Equilibrium price 

    • B. 

      Market price 

    • C. 

      Actual price 

    • D. 

      Total price 

  • 4. 
    What is the price a seller gets after removing tax paid by the seller and subsidy? 
    • A. 

      Selling price 

    • B. 

      Basic price 

    • C. 

      Actual price 

    • D. 

      Producer price 

  • 5. 
    What is the use of mathematical principles to determine how customers respond to changes in price called?
    • A. 

      Price control 

    • B. 

      Price analysis 

    • C. 

      Price rule 

    • D. 

      Price optimization 

  • 6. 
    Which of these allows prospective buyers to know the cost of buying a service? 
    • A. 

      Sales cost 

    • B. 

      Sales price 

    • C. 

      Sales quote 

    • D. 

      Price quote 

  • 7. 
    What is that which is forgone to get a product or service? 
    • A. 

      Real cost 

    • B. 

      Special cost 

    • C. 

      Opportunity price 

    • D. 

      Special price 

  • 8. 
    What is the drastic change in the price of goods called? 
    • A. 

      Price shock 

    • B. 

      Scrap price 

    • C. 

      Power price 

    • D. 

      Price change 

  • 9. 
    What is the price that will apply in a trade if all conditions are met? 
    • A. 

      Perfect price 

    • B. 

      Ideal price 

    • C. 

      Focal price 

    • D. 

      Total price 

  • 10. 
    What kind of business is controlled by one man? 
    • A. 

      Sole proprietorship 

    • B. 

      Limited liability 

    • C. 

      Joint partnership 

    • D. 

      Private Entity