B.Com 3rd Year Principle of Marketing Online Test Principle of Marketing Chapter 11th = Pricing Policies /35 22 This Quiz Time only 10 minutes Your Time is Finish 10 minutes Thanks for Giving This Test. All Question Pricing Policies Pricing Policies Content in The Article Toggle Marketing: An IntroductionPlease Give Your InformationFor start the QuizMarketing MixPlease Give Your InformationFor start the QuizMarketing EnvironmentPlease Give Your InformationFor start the QuizConsumer BehaviourPlease Give Your InformationFor start the QuizPlease Give Your InformationFor start the QuizPlease Give Your InformationFor start the QuizPlease Give Your InformationFor start the QuizPlease Give Your InformationFor start the QuizPlease Give Your InformationFor start the QuizPlease Give Your InformationFor start the QuizPlease Give Your InformationFor start the QuizPlease Give Your InformationFor start the QuizPlease Give Your InformationFor start the QuizPlease Give Your InformationFor start the QuizPlease Give Your InformationFor start the QuizPlease Give Your InformationFor start the QuizPlease Give Your InformationFor start the QuizPlease Give Your InformationFor start the QuizPlease Give Your InformationFor start the QuizPlease Give Your InformationFor start the QuizPlease Give Your InformationFor start the QuizPlease Give Your InformationFor start the Quiz Please Give Your Information For start the Quiz NameEmailPhone Number 1 / 35 35. The exchange value of a product or service in its monetary value is known as: Price Pricing Both of above None of above 2 / 35 34. A psychological pricing policy of setting prices on the basis of tradition is: Prestige pricing Offset pricing Customary pricing Odd even pricine 3 / 35 33, A psychological pricing policy of setting a limited number of prices for selected groups of merhandise, known as: Cutomary pricing Price lining Odd even pricing None of the above 4 / 35 32. The type of demand for a product in which the product’s revenue does not vary with price change, is called: Elastic Demand Inelastic Demand Unitary Demand None of the above. 5 / 35 31. Consumer Protection Act 1986 is not implement: Delhi U.P. Jummu – Kashmir Gujarat 6 / 35 30. Which of the following is not promotional pricing: Special event pricing Price leaders Superficial discounting Prestige pricing 7 / 35 29. The price at which goods (g) and services(s) would change ownership of free and unrestricted competition prevailed is: Market price Normal price Extra ordinary price None of the above 8 / 35 28. A pricing method in which the sellers submit sealed or open price proposals for the buyer’s consideration, known as: Adiministered pricing Negotiated pricing Bid pricing None of above 9 / 35 27. रू. 10 per unit for less than 100 units, रू. 9 per unit for 100 or more units reflects which one of the following discounts? Trade Seasonal Cash Quantity 10 / 35 26. Cash discount is provided to: Customers Traders Producers None of these 11 / 35 25. The aim of low price policy will be: Entry in market To capture competitors’ market Both above (a) and (b) None of these 12 / 35 24. High prices is indication of: High quality goods Prestige image Both (a) and (b) above None of these 13 / 35 23. In case of more elastic demand, price policy will be: High price policy Low price policy Traditional price policy All above 14 / 35 22. Which of the following is a type of pricing policy: Prestige Price Policy Skimmimg Price Policy One price policy All of the above 15 / 35 21. A psychological pricing policy of setting prices on the basis of tradition is: Prestige pricing Off set pricing Customer pricing Odd-even pricing 16 / 35 20. Functional discount usually given to traders and are not available to ultimate consumer is: Seasonal discount Trade discount Quality discount All of the above 17 / 35 19. Price determination decision is mainly affected by: Demand element Supply element Market element None of the above 18 / 35 18. Which of the following does not affect the pricing directly? Order size Intensity of competition Quality of sale person Distance of market 19 / 35 17. Customer and competitors are which type of factors affecting pricing: Internal External Both (a) and (b) 326 None of the above 20 / 35 16. Price fixation at B.E.P. indicates: Pricing below cost Pricing above cost Pricing at no profit no loss point Reasonable pricing 21 / 35 15. To fix the price 99.95 of an article instead of 100, is a policy of: Customary pricing policy Psychological pricing policy Promotion pricing policy None of the above 22 / 35 14. The exchange value of a product or service in its monetary value is known as: Price Pricing Cost None of the above 23 / 35 13. Product Mix pricing policies are: Product Line Pricing By-Product Pricing Optional Feature Pricing All above 24 / 35 12. Right to price control on things to Government: Essential Commodities Act, 1955 Essential Commodities Act, 1965 Essential Commodities Act, 1951 Essential Commodities Act, 1975 25 / 35 11. Skimming the cream pricing policy is adopted for: Export products New products Established products Daily use products 26 / 35 10. Price policy is determined by whom? Lower Management Middle Management Top Management None of the above 27 / 35 9. Pricing decisions are affected by: Cost of product elasticity of demand Competition All above 28 / 35 8. Under Prestige Price Policy, the price of a product fixed is: Low High Minimum None of these 29 / 35 7. Prestige price policy method is applied in: Essential goods Comfort goods Luxury goods None of these 30 / 35 6. Under penetration pricing policy, the price of a new product fixed at the initial stage is: Minimum Low High None of these 31 / 35 5. Under skimming pricing policy, the price of a new product fixed at the initial stage is: Low High Minimum None of these 32 / 35 4. Elasticity of demand is effected by: Nature of commodity Supply Demand None of these 33 / 35 3. Pricing Policy is determined by: Producers Consumers Distributors State 34 / 35 2. Price Policy is: In favour of the consumer In favour of the government In favour of producer-manufacturer In favour of all 35 / 35 1. “Price is a monetary summary of all the conditions which give value to a produet.” This statement is of: Walton Hamilton Philip Kotler William J. Stanton R. S. Davar Your score is LinkedIn Facebook Twitter VKontakte 0% Restart quiz Please Give Your Review Send feedback Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23