Price

1

Which of the following best describes 'price'?

2

When is penetration pricing used?

3

When is price skimming used?

4

When is loss leader pricing used?

5

What is the selling price of an item which costs £5 to make and has a 50% mark up?

6

When is a profit made on the sale of a product?

7

What does a cut in price usually increase?

8

Which pricing strategy would a business use to encourage a trial purchase?

9

Which of the following could a business use to ensure a profit is made when an item is sold?

10

What is the best pricing method for a well known firm selling a new hi-tech, high quality mobile phone model most likely to be?