Life Cycle to Supply and Demand

Question 1

Which of these could be used to increase sales of a mature product?

Accepted Answer

Promotion, Add Value

Question 2

Adding profit on top of the price you paid for a product is...

Accepted Answer

Cost Plus

Question 3

Setting a high price on a unique new product is...

Accepted Answer

Skimming

Question 4

Setting your selling price the same as other sellers is...

Accepted Answer

Competitive

Question 5

Which of these are methods of Advertising?

Accepted Answer

Social Media, Sponsorship

Question 6

Which of these are methods of Promotion?

Accepted Answer

Free Samples, Loss Leaders

Question 7

The amount of product a manufacturer is willing to sell is...

Accepted Answer

Supply

Question 8

Offering 2 products for the price of 1 is...

Accepted Answer

Promotional

Question 9

Distribution is the same as...

Accepted Answer

Place

Question 10

Which of the following is correct?

Accepted Answer

Manufacturer-Wholesaler-Retailer, Manufacturer-Retailer-Customer

Question 11

Selling products through a website is called...

Accepted Answer

E-Commerce

Question 12

If the price of a product goes up what will happen to Demand?

Accepted Answer

Decrease, Go Down

Question 13

The price at which the buyer and seller are happy to trade at is...

Accepted Answer

Equilibrium Price

Question 14

The amount of product wanted by customers is...

Accepted Answer

Demand

Question 15

Which one is NOT a phase in the Product Life Cycle?

Accepted Answer

Start

Questions 15