Pricing: Legal & Ethical Issues

Instructions:

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

question 1 of 3

What pricing strategy is specific to international imports and exports?

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1. What pricing strategy is used to bring out a new product by pricing it low in hopes of gaining attention and customers?

2. What type of price discrimination is illegal?

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About This Quiz & Worksheet

This quiz/worksheet combo lets you measure your knowledge of different pricing strategies. Answer questions about the different considerations companies make when setting prices.

Quiz & Worksheet Goals

In this set of quiz questions you'll see if you understand:

  • International pricing strategies
  • Pricing strategies used to drive sales of a new product or service
  • Illegal forms of price discrimination

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related material, such as the pricing strategy that seeks to convince customers they are getting a discount
  • Defining key concepts - ensure that you can accurately define main phrases, such as premium pricing
  • Information recall - access the knowledge you've gained regarding potentially illegal ways prices can be discriminatory

Additional Learning

If you would like to learn more about the way prices are set, read the lesson titled Pricing: Legal & Ethical Issues. This lesson will explore new information, such as:

  • Predatory pricing
  • Bundle pricing
  • Price skimming
  • Examples of set prices
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