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Stichworte: product price
What strategy increases the value of a product in the local market through customization for different national tastes and preferences multiple choice question?
How can it be described to satisfy all the customers demands via product which is determined as per the customers need?
What occurs when two established brand names of different companies are used on the same product?
What are sets or configurations of organizations linked together to deliver a product to consumers?
What is a pricing strategy that establishes a low price in hopes of attracting a great number of customers and discouraging competitors?
Uncontrolled causes of the escalated price of exported goods confine the sale of a product to _____.
Is when a product is sold in another country for less than the domestic market or lower than the cost to make?
Which if the following is true for a monopolist that engages in perfect price discrimination?
When a monopoly engages in perfect price discrimination which of the following occurs quizlet?
Is the use of a name term, symbol or design or a combination of these to identify a product?
When a businesss new product or new chain is stealing customers and sales from the older existing ones it is known as?
Sales product variety and competition increase rapidly during the phase of the sales life cycle
Which faster and team-oriented approach a company adopting to enter their new-product into market
Which of the following is an appropriate product strategy for maturity stage of the product life cycle?
Who is generally responsible for the materials price variance the materials quantity variance?
Which of the following statements represents a similarity between financial and management accounting?
Which of the following is said to exist when the value of a product or service increases the more people use it?
A(n) ____________ is a special-purpose computer that functions as a component in a larger product.
Which of the following refers to the ability of a computer product or system to expand to serve a larger number of users without breaking down group of answer choices?
Degree of responsiveness of a change of quantity demanded of a good to a change in its price
When percentage change in demand is less than percentage change in price demand is set to be?
When percentage change in quantity supplied equal to the percentage change in price is called?
What can be said about goods x and y if the cross-price elasticity between x and y is negative?
Is the price elasticity of demand or supply more elastic over a shorter or a longer period of time?
The relationship between the change in price and total expenditures for an elastic demand curve is
The concept of demand that deals with the relationship between price and quantity demanded is called
What will be the effect of rise in price of a commodity on the total expenditure when demand is inelastic?
When 8% decrease in price of a commodity causes 2 increase in expenditure of the commodity the elasticity of demand is?
When the percentage change in the quantity demanded is larger than the percentage change in price the demand?
When the percentage change in quantity demanded is less than the percentage change in price the demand curve is?
What is the term for when there is no competition in an industry and one company owns all of a type of product or service?
Which of the following statements regarding the growth stage of the product life cycle is correct?
Which of the following is an effective strategy during the growth stage of the product life cycle to sustain rapid growth?
During which stage of the new product development process do companies usually apply for patents?
Which of the following is a name Term sign symbol decision or a combination of these that identifies that maker or seller of a product or service?
When a product gets an attractive name symbol or any identity mark to look different from other products is known as?
Refers to some aspect of a product or company that makes it more appealing to target customers.
This step in the reverse engineering process involves redesign and optimization of the product.
What happens to the price of a good or service when a shortage of that good or service occurs?
How does a price ceiling set below the equilibrium level affect quantity demanded and quantity supplied?
What would happen to the equilibrium price and quantity of lattes if coffee shops began using a machine that reduced the amount?
To handle products in the decline stage of the product life cycle companies often use either
Which of the following is true about the supply-and-demand price system? (choose all that apply)
Which of the following exemplifies a characteristic of the apple iphone’s core product component?
Which of the following promotional mix offers short term incentives to encourage the purchase or sale of a product or service?
Which section of the business plan describes how the product will be developed and produced or how the service will be delivered?
Which of the following led to problems for McDonalds when it began offering the McWrap product
When the price of the substitute commodity rises what happens to the supply of good in question?
When an increase in the price of one good decreases your demand for another good we call the goods?
What happens to the demand curve when there is increase in the price of complementary good explain diagrammatically?
What happens to the demand for a complementary goods of a commodity when the price of the commodity rises?
When the increase in the price of one good causes the demand for another good to decrease the goods are quizlet?
When the decrease in the price of one good causes the demand for another good to decrease the goods are?
If a firm is facing inelastic demand, then the firm should decrease price to increase revenue.
When the price of good X rises the demand for good Y falls therefore good X and Y are said to be?
When the price of good X increases the demand for good Y falls explain what this relationship implies about the two goods?
When the price of one commodity changes the demand for the other commodity is influenced it is called as demand?
When price of a commodity rises by 20% and quantity supplied increases by 30% What is price elasticity of supply?
If a 5% fall in the price of a commodity causes quantity supplied to decrease by 8%, supply is
If price elasticity of demand is -0.5 and price decreases by 2 percent, quantity demanded will
When the price of a product is increased 10 percent the quantity demanded decreases 10 percent?
What happens to price elasticity of demand as the price of a good increases along a linear demand curve choose 1 answer?
What happens to price elasticity of demand as the price of a good increases along a linear demand curve?
When the price of a product increases by 15 percent, the quantity demanded decreases by 10 percent
When the price of a product increases by 10 percent and the quantity demanded decreases by 15 percent demand for this product is what?
When the price of a good increased by 5 percent the quantity demanded of it decreased 10 percent the price elasticity of demand?
In which step of SWOT analysis would obsolete, narrow product line be most likely to be found
Which of the consumer decision making process explain that the consumer tends to feel inner tension after buying the product?
Which of the following statements is most likely true about the new product development process?
Offering product extensions, service, and warranty is a product strategy in the __________ phase.
Use the dimensions of product quality to describe the typical characteristics of a television set.
Is phase of the product life cycle that is when brand awareness spreads and the market starts responding?
Which stage is there in product life cycle that focuses on expanding market and creating product awareness and trial is the?
What tactical marketing tools like products price place and promotion that the firm blends to produce the response it wants in the target market?
________ refers to the development of a distinct image for the product in the mind of the consumer.
What do consumers practice when buying an unfamiliar expensive product or an infrequently bought item?
When a consumer is purchasing an unfamiliar or expensive product which process is most often used
Which of the following will prevent a product from being rated as a high-quality software system?
A multi purpose computer whose size capabilities and price make it feasible for individual use
Which of the following describes the cost that a consumer must bear when switching from one product to another?
When the value of a product or service increases as its number of users expands sometimes called network effects best describes?
Which of the following types of system could be used to enable different firms to work collaboratively on a product?
Which of the following is a true statement about the introduction stage of the product life cycle
Which gesture by customers MOST likely indicates that they are agreeable to the selling price
Why is it important for sales associates to test or sample the products they will be selling?
What term describes demand when the percentage change in quantity is exactly the same as the percentage change in price?
When percentage change in demand is less than percentage change in price demand is said to be?
If the price elasticity of demand is unit elastic the change in price is the change in quantity
When the percentage change in the quantity supplied is less than the percentage change in price?
Which leads to increase in demand for a commodity when it price falls in the cardinal utility analysis?
When demand elasticity is equal to one and price decreases, the total revenue of the producer will
If the percentage change in quantity supplied is equal to percentage change in price it is known as
If the cross-price elasticity of demand between two goods is positive, then the pair must be ______.
When there is no change produced in the demand of a product with a change in its price the demand is
When the demand of a commodity changes due to change in any factor other than the own price of the commodity it is known as?
When percentage change in demand is more than percentage change in its price then its elasticity is?
When the percentage increase in quantity demanded is lower than the percentage decrease in price the value of the elasticity of demand will be?
When a percentage change in demand supply is equal to the percentage change in price it is said to be?
When the quantity supplied changes by a larger percentage than the percentage of change of price then the price elasticity of supply is?
What will be the elasticity of demand when the proportionate change in quantity demanded is less than proportionate change in price?
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