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Global Pricing Issues & Strategies

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Imagine your firm produces pencils. Which of the following is NOT an example of an indirect cost?

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1. How can environmental factors affect your pricing strategy?

2. If your firm adopted a psychological pricing strategy, which of the following prices might they use?

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About This Quiz & Worksheet

What is global pricing? You can check your understanding of this concept along with issues associated with it, such as indirect costs and psychological pricing strategies, by using the quiz and worksheet.

Quiz & Worksheet Goals

Take the quiz to check your understanding of:

  • How environmental factors affect pricing strategy
  • When a need to increase the price of a product would occur
  • How an economic boom could impact your pricing strategy
  • Examples of indirect costs

Skills Practiced

  • Information recall - retrieve the details you picked up about an example of a psychological pricing strategy
  • Reading comprehension - ensure that you draw the most important information from the lesson on issues associated with global pricing
  • Interpreting information - verify that you can read information about how environmental factors affect pricing strategy and interpret it correctly

Additional Learning

To review more, use the lesson called Global Pricing Issues & Strategies. Supplementary topics you can explore include:

  • Types of costs
  • Definition of profit
  • How market factors affect price
  • Ways to manage pricing issues
  • Types of pricing strategies
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