Marketing Price Quiz Questions!

7 Questions | By Katie_Liz | Last updated: Mar 21, 2022 | Total Attempts: 1782

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Questions and Answers

1.

Which pricing strategy is where you add a percentage onto what you originally pay for the product?
- A.
  
  Loss Leader Pricing
- B.
  
  Cost Plus Pricing
- C.
  
  Price Skimming
- D.
  
  Penetration Pricing
2.

There are two ways of working out cost-plus pricing.
- A.
  
  True
- B.
  
  False
3.

Which of the following are not pricing strategies?
- A.
  
  Loss Leader Pricing
- B.
  
  Penetration Pricing
- C.
  
  Profit Pricing
- D.
  
  Sales Pricing
4.

Which pricing strategies would be appropriate for an established business trying to win customers from competitors?
- A.
  
  Price Skimming
- B.
  
  Penetration Pricing
- C.
  
  Cost Plus Pricing
- D.
  
  Loss Leader Pricing
5.

When a product costs £2 for the business to get, does a 25% mark-up equal a 20% profit margin?
- A.
  
  True
- B.
  
  False

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