Exam 11: Pricing Strategies: Additional Considerations

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A lumber mill takes in logs, turns them into 2 x 4's and other sizes needed for building construction. Wood chips created in the milling process are a(n) ________ that can be sold.

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By definition, ________ pricing is used when a firm sells a product or service at two or more prices, even though the difference in price is not based on differences in cost.

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The discount offered by Glamor Gifts to customers who bought Valentine-themed merchandise the week following Valentine's Day is an example of a ________.

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Which of the following is true of optional-product pricing?

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Which of the following involves adjusting prices to account for the physical location of customers?

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A market-skimming pricing strategy should NOT be used for a new product when ________.

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Which of the following is true of product bundle pricing?

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Which of the following is true of price changes?

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