In ____ pricing, the firm is concerned only with the marginal or incremental cost of producing goods to be sold in overseas markets.
A. full-cost
B. fixed-cost
C. variable-cost
D. demand-based
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If a company has as its objective to reach a market segment that is relatively price insensitive and thus willing to pay a premium price for the value received, it will most likely use a pricing strategy called ____:
A. penetration pricing.
B. everyday low pricing.
C. value-based pricing.
D. skimming pricing.
If a company has as its objective to stimulate market growth and capture market share by deliberately offering products at low prices, it will most likely use a pricing strategy called ____:
A. penetration pricing.
B. escalator pricing.
C. prestige pricing.
D. skimming pricing.
The added costs incurred as a result of exporting products from one country to another are called ____:
A. price deflation.
B. pricing mechanisms.
C. price escalation.
D. price gouging.
The distribution process includes all of the following EXCEPT ____:
A. physical handling of goods.
B. promotion of goods and services.
C. passage of ownership (title).
D. buying and selling negotiations.