Question

A _____ is a price reduction offered to a consumer, an industrial user, or a marketing...

A _____ is a price reduction offered to a consumer, an industrial user, or a marketing intermediary in return for prompt payment of a bill.

A.

cash

B.

quantity

C.

functinal

D.

seasonal

__________ is a price tactic that tries to get consumers into a store through false or misleading price advertising and then uses high-pressure selling to persuade consumers to buy more expensive merchandise.

A.

Bait pricing

B.

Price bundling

C.

Odd-even pricing

D.

Leader pricing

Which statement best defines price fixing?

A.

A policy whereby a firm charges a high introductory price, often coupled with heavy promotion

B.

A policy whereby a firm charges a relatively low price for a product when it is first rolled

C.

An agreement between two or more firms on the price they will charge for a product

D.

Charging a price identical to or very close to the competition’s price

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Answer #1

A. Cash

A. Bait pricing

C. An agreement between two or more firms on the price they will charge for a product

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