Exam 16: Pricing Objectives and Policies
Exam 1: Marketings Value to Consumers, Firms, and Society393 Questions
Exam 2: Marketing Strategy Planning322 Questions
Exam 3: Evaluating Opportunities in the Changing Market Environment360 Questions
Exam 4: Focusing Marketing Strategy With Segmentation and Positioning253 Questions
Exam 5: Final Consumers and Their Buying Behavior358 Questions
Exam 6: Business and Organizational Customers and Their Buying Behavior277 Questions
Exam 7: Improving Decisions With Marketing Information263 Questions
Exam 8: Elements of Product Planning for Goods and Services385 Questions
Exam 9: Product Management and New-Product Development258 Questions
Exam 10: Place and Development of Channel Systems293 Questions
Exam 11: Distribution Customer Service and Logistics214 Questions
Exam 12: Retailers, Wholesalers, and Their Strategy Planning392 Questions
Exam 13: Promotion-Introduction to Integrated Marketing Communications341 Questions
Exam 14: Personal Selling and Customer Service299 Questions
Exam 15: Advertising, Publicity, and Sales Promotion344 Questions
Exam 16: Pricing Objectives and Policies305 Questions
Exam 17: Price Setting in the Business World270 Questions
Exam 18: Ethical Marketing in a Consumer-Oriented World: Appraisal and Challe232 Questions
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KeyLine, Inc., engages primarily in the manufacture of touch-sensitive LCD monitors. The company prices its products so that it earns a 20 percent return on investment. Which pricing objective is the company following?
(Multiple Choice)
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A focus on a target return or return on investment are characteristic of _____ pricing objectives.
(Multiple Choice)
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Under the Robinson-Patman Act, meeting a competitor's price is not permitted as a defense in price discrimination cases.
(True/False)
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Some marketing managers have set up relationships with Internet companies whose ads invite customers to "set your own price." Such marketing managers
(Multiple Choice)
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A manufacturer spends a large amount of money on research and development leading to the introduction of a product that is likely to present the firm with a breakthrough opportunity. The manufacturer prices the product with the goal of achieving a 20 percent return on its investment. Which of the following types of pricing objectives is the company using?
(Multiple Choice)
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Which of the following give a producer a way to be certain that final consumers actually get the price reduction?
(Multiple Choice)
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Allowances are given to final consumers, business customers, or channel members for accepting more of something.
(True/False)
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A reduction from list price given to retailers to get shelf space for a product is a:
(Multiple Choice)
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Which of the following is a profit-oriented pricing objective?
(Multiple Choice)
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A manufacturer could try to defend itself against charges of price discrimination under the Robinson-Patman Act by claiming that:
(Multiple Choice)
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Most firms in the U.S. avoid using a one-price policy because it is so inconvenient to administer and leads to more negotiation and higher selling costs.
(True/False)
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If a seller wanted to pay the delivery charges and keep title to the products until delivered to a buyer, the seller could use "F.O.B. buyer's factory" geographic pricing terms.
F.O.B. buyer's factory. In this case, title does not pass until the products are delivered.
F.O.B. delivered or
(True/False)
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F.O.B. "shipping point" pricing simplifies the seller's pricing, but tends to reduce the size of the seller's market.
F.O.B. shipping point pricing simplifies the seller's pricing but it may narrow the market.
(True/False)
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_____ means setting a fair price level for a marketing mix that really gives the target market superior customer value.
(Multiple Choice)
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Which of the following statements concerning "value pricing" is FALSE?
(Multiple Choice)
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A _____ price policy tries to sell the top of the demand curve at a high price before aiming at more price-sensitive customers.
(Multiple Choice)
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