Tag: commercial applications

Questions Related to commercial applications

Administered pricing applies to the practice of pricing on the basis of.

  1. Cost

  2. Competitive pressure

  3. The law of supply and demand

  4. The policy decisions of the sellers


Correct Option: D

New product pricing is?

  1. Dual pricing

  2. Skimming pricing

  3. Prestige pricing

  4. Monopoly princing


Correct Option: D

Penetration pricing is opposite to the.

  1. Dual pricing method

  2. Administrated pricing method

  3. Expected pricing method

  4. Skimming pricing method


Correct Option: D

The skimming price policy is most convenient in the case of.

  1. New products

  2. Existing products

  3. Both (A) and (B)

  4. None of these


Correct Option: A

In which method of pricing does a manufacturer sell the same product at two or more different prices?

  1. Administered pricing

  2. Dual pricing

  3. Monopoly pricing

  4. Skimming pricing


Correct Option: B

Example of skimming pricing.

  1. First edition of text-books

  2. Railway freight rates

  3. Bus fares

  4. All the above


Correct Option: A

A very high price for a new product initially and to reduce the price gradually as competitors enter the market, is known as.

  1. Dual pricing

  2. Skimming pricing

  3. Monopoly pricing

  4. Administered pricing


Correct Option: B

The skimming price policy is profitable in the.

  1. Initial years

  2. Middle years

  3. Long period

  4. Short period


Correct Option: A

Dual pricing is also referred to as.

  1. Cost plus pricing

  2. Skim-the-cream pricing

  3. Target pricing

  4. Discriminatory pricing


Correct Option: D

Skimming price is also termed as.

  1. Cost-plus pricing

  2. Pricing at the market

  3. Target pricing

  4. Skim-the-cream-pricing


Correct Option: D