Pricing of Services Online Test

Back

0

Pricing of Services

Description: This quiz evaluates your understanding of the concepts and methodologies used in pricing services.
Number of Questions: 15
Created by: Aliensbrain Bot
Tags: pricing services economics

Start the Quiz

Which of the following is NOT a common pricing strategy for services?

Cost-plus pricing
Value-based pricing
Penetration pricing
Skimming pricing

In cost-plus pricing, the price of a service is determined by:

Adding a markup to the cost of providing the service
Charging a fixed fee for the service
Negotiating a price with the customer
Using a pricing formula

Value-based pricing is based on the:

Perceived value of the service to the customer
Cost of providing the service
Competition's prices
Market demand

Which of the following is NOT a factor that affects the price of a service?

The cost of providing the service
The value of the service to the customer
The competition's prices
The government's regulations

Skimming pricing is a pricing strategy that involves:

Charging a high price for a new service and then gradually lowering it
Charging a low price for a new service and then gradually raising it
Charging a fixed price for a service regardless of the demand
Negotiating a price with the customer

Which of the following is NOT a benefit of value-based pricing?

Increased customer satisfaction
Higher profits
Reduced competition
Improved brand image

Cost-plus pricing is most commonly used for:

Professional services
Consumer services
Industrial services
Government services

Which of the following is NOT a pricing objective?

Profitability
Market share
Customer satisfaction
Social responsibility

In value-based pricing, the price of a service is determined by:

The cost of providing the service
The perceived value of the service to the customer
The competition's prices
The market demand

Which of the following is NOT a type of pricing strategy?

Cost-plus pricing
Value-based pricing
Penetration pricing
Variable pricing

Which of the following is NOT a factor that affects the demand for a service?

The price of the service
The quality of the service
The availability of substitutes
The customer's income

Which of the following is NOT a pricing strategy for services?

Cost-plus pricing
Value-based pricing
Penetration pricing
Bundling

Which of the following is NOT a benefit of cost-plus pricing?

Simplicity
Transparency
Predictability
Flexibility

Which of the following is NOT a pricing strategy for services?

Cost-plus pricing
Value-based pricing
Hourly pricing
Project-based pricing

Which of the following is NOT a factor that affects the price of a service?

The cost of providing the service
The value of the service to the customer
The competition's prices
The government's regulations

- Hide questions