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OCR GCSE 9-1 Business - Pricing Flashcards | StudBud
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OCR GCSE 9-1 Business - Pricing
OCR GCSE 9-1 Business - Pricing
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#OCR #GCSE #Business 9-1 - #Pricing
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
Which of the following is
not
a pricing strategy?
Semi-skimming
Competitor
Cost-plus
Penetration
2
Which of the following is a method competitor pricing?
Increasing market share
Increasing target market
Pricing above competitors
Cannibalisation
3
If a product has high demand and limited supply:
It will be an illegal pricing strategy
It will usually have a high price
It will usually have a low price
It will not have a price
4
A product with a cost of £75 and a mark-up of 150% would be priced at:
£385.50
£187.50
£650.50
£112.50
5
Which pricing strategy involves calculating cost and adding an acceptable mark-up?
Price skimming
Cost-based pricing
Penetration pricing
Cost-plus pricing
6
Which of the following is
not
an example of promotional pricing?
Percentage discounts
BOGOF
Percentage price increases
Multi-buys
7
Manomasa launched in the UK for £1 per bag. The price has increased over time. This is called:
Loss leader pricing
Penetration pricing
Promotional pricing
Competitor pricing
8
Which of the following is
not
a main influence on price?
Demand
Quality
Population
Supply
9
Microsoft started with a high price for the Xbox One and reduced it over time. This is called:
Promotional pricing
Competitor pricing
Price skimming
Penetration pricing
10
Which of the following strategies is mainly associated with discounts for customers?
Penetration pricing
Skimming
Promotional pricing
Competitor pricing
