Which of the following is TRUE about pricing objectives of the seller. However company cannot set its price beyond the limit.
Text page 334-336 A Unit volume is sometimes used as pricing objective.
Which of the following statements about pricing objectives is true?. Prices are set by law or regulation Sole source acquisition of 35M FFP effort. Such meaning is often referred to as the psychological aspect of pricing. Pricing objectives need not be explicitly stated.
Totals costs are the sum of long-run average costs and short-run average costs. Iv A firm that forgoes higher profits and wants to satisfy its obligations to its customers and society in general is pursuing a social responsibility objective. Experience curve pricing is a low risk strategy.
It gives customers more value than they expect for the price paid. All of the above statements about pricing objectives are true. Average cost tends to decrease with accumulated production experience.
CLC 056 Analyzing Contract Costs Exam 100 1. A Pricing is the least important marketing mix element. A Very few companies maintain a pricing strategy that focuses on meeting competition.
Market share and unit volume are synonymous. Costs do not vary with different levels of production. C Price can mean exchange of nonmonetary goods or services.
Firms that are interested in strategic planning set their objectives to maximize current profit. E Pricing is unaffected by changes in the business cycle. B Target ROI is a type of pricing objective.
The relationship between the importer and any middleman is similar to that found in a mass-marketing system. 62 Which of the following pricing tactics applies to products that are used together when one of the products is a consumable that must be replenished continually. Unit volume is not a type of pricing objective because it is a production strategy.
Which of the following statements is true regarding costs. Which of the following situations are considered exempt from the submission of Certified Cost or Pricing Data. This objective is aimed at making as much money as possible.
D Most consumers believe price has little influence on their purchase decisions. An increase or a decrease in price does not significantly affect the demand for a product _____ is the quantity of a product that will be offered to the market by a supplier at various prices for a specified period. Youll recall that objectives are essentially a companys business goals Pricing can be used strategically to adjust performance to meet revenue or profit objectives as in the Nike example above.
CPricing objectives reflect the goals the seller hopes to achieve. C Price can mean exchange of nonmonetary goods or services. E Pricing is unaffected by changes in the business cycle.
Which of the following statements about pricing objectives is true. D Most consumers believe price has little influence on their purchase decisions. APricing objectives should always include some level of profits.
Market share and unit volume are synonymous. Which of the following statements about pricing policies is most likely true. Common Pricing Objectives Not surprising product pricing has a big effect on company objectives.
Price as is the case with certain other elements in the marketing mix appears to have meaning to many buyers that goes beyond a simple utilitarian statement. 63 Which of the following statements is true about value pricing. It comes directly to the customer from the manufacturer.
Which of the following statements about price is true. A Managers in the United States have long been praised for their insistence on managing for long-run profits B Profit objectives are frequently measured in terms of return on investment or return on assets C Firms that are interested in strategic planning set their objectives to maximize current profit D A target return. A target return pricing objective seeks to obtain a specific level of profit-often stated as a percentage of sales or return on investment.
A pricing objective maintains existing prices or meets the competitions prices. A Pricing is the least important marketing mix element. Which of the following statements is true regarding an import-oriented distribution structure.
Price determined using cost analysis Price may be determined fair and reasonable based on price analysis proposal techniques Non-commercial. B Pricing strategies often reflect the opinion of the research department on correct pricing. 4 Which of the following statements is true about customer promotion.
All of the following statements about price are true EXCEPT. Giving the intermediaries incentives to carry and sell the product. B Price is always a monetary value.
Inferring quality from price is a common example of the psychological aspect. B Price is always a monetary value. For most products and services their prices are always the same.
Company tries to set its price in a way that more current profits can be earned. One of the objectives of pricing is to maximize current profits. Asked May 25 2016 in Business by Dearren.
Susan ORourke hired an attorney to represent her in a court case involving an auto accident. V All of the above statements about pricing objectives are true. Which of the following statements about profit objectives is true.
The importerwholesaler traditionally performs most of the marketing functions. The attorney charged ORourke a 2000 retainer fee for his services. 6 Which of the following statements is true about channel-originated promotion.
BPricing objectives are standardized in most industries. Which of the following statements about price is true. 5 Identify the objective of trade promotions.
DPricing objectives should never be overly ambitious. Pricing objectives should flow from and fit in with company-level and marketing objectives.