Meaning and objectives of pricing - class-X
| Description: meaning and objectives of pricing | |
| Number of Questions: 50 | |
| Created by: Gagan Singh | |
| Tags: commercial applications marketing mix marketing commercial studies commerce business studies marketing management organisation of commerce and management marketing and sales marketing mix - 4 p's |
Consider the following
- Pricing objective
- Pricing methods
- Pricing strategies
- Pricing decision
Consider the following
- Changes in quality
- Changes in compositions
- Tastes and preferences
- Price differences
Tender Price means _______________.
Securities with less predictable prices and have longer maturity time is considered as ______________.
If actual selling price is 500,actual result is 500,actual result is 250 and actual units sold are 350, then selling price variance will be _____________.
The exchange value of a good or service in terms of money is?
Pricing policies may be classified into.
Which of the following is not a geographic pricing?
Price ling is closely related to.
Administered pricing applies to the practice of pricing on the basis of.
New product pricing is?
Penetration pricing is opposite to the.
The skimming price policy is most convenient in the case of.
In which method of pricing does a manufacturer sell the same product at two or more different prices?
Example of skimming pricing.
A very high price for a new product initially and to reduce the price gradually as competitors enter the market, is known as.
The skimming price policy is profitable in the.
Dual pricing is also referred to as.
Skimming price is also termed as.
Match the following.
| $1$. Spatial gap | a) Customers make their purchase at regular intervals, whereas production has to be organised on a continuous process |
|---|---|
| $2$. Temporal gap | b) Consumers are usually scattered, whereas production is concentrated in a few centres |
| $3$. Perceptional gap | c) Customers cannot have full information of producers and products available, this prevents free exchanges |
| $4$. transactional gap | d) Manufactureres organise large-scale production, whereas customers prefer to buy only in small quantities |
A pricing policy designed to have the same price to customer in a specific area is?
Under skimming pricing, the fixation of price is?
Cash discounts to customers.
Under penetration pricing method, the sellers setting a.
Sealed bid pricing is followed in the case of.
Negotiated pricing is adopted by.
Which method is suitable when the producer is not sure of market reactive for a price?
The total cost consists of the cost of materials and one or more of the following:-
A firm producing a large number of products will follow the pricing strategy known as _______.
Which cost is taken into consideration for 'make or buy' decisions?
Which of the following pricing strategies are used when adopting a penetration pricing strategy?
Which of the following is not concerned with the Price?
If the material is priced at the value that is realizable at the time of issue such a pricing method is referred to as _________________.
The capitalization rate of a company whose market price per share is Rs.28, net income is Rs.20 lakhs and the number of outstanding shares is 5.6 lakh is _____________.
When a firm charges different prices for different groups of customers, it may be accused of _________.
The _______ represents the sum of value exchange for the benefit of having or using the product.
Price of the product also depends upon the target customer.
Which of the following factors do not affect the fixation of the price of a product?
Government and legal regulations do not affect the price of a product.
Which of the following is not a pricing objective?
Price discrimination is defined as ___________.
Defraction is a situation where:
Price is the value of a good in terms of:
The firm is a price-maker in which market structure?
Equilibrium price is also called:
What is that market called when the good sells at the same price in all parts of the market?
_________ evaluates how easy it is for buyers to drive prices down.
Dual system of pricing exist in
In a capitalist economy, allocation of resources is done by
In India, which pricing practice is not permissible?