Pricing DECA

Liberty University

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Pricing- DECA| 55 QUESTIONS | WITH COMPLETE SOLUTIONS

Pricing- DECA| 55 QUESTIONS | WITH COMPLETE SOLUTIONS
Exam (elaborations) • 4 pages • 2022
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Price Correct Answer: Money charged for product/service Price floor Correct Answer: Minimum price for product Price ceiling Correct Answer: Highest price for product External factors to consider Correct Answer: Competitions strategy and prices; marketing strategy, objectives, and mix; nature of market and demand 3 major pricing strategies Correct Answer: Customer value based pricing, cost based pricing, competition based pricing Customer value based pricing Correct Answer: C...