Economic Factors of Pricing and Pricing Strategy


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question 1 of 3

When the final selling price reflects cost increases occurred between the time the order is placed and the time it is delivered, _____ has occurred.

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1. A period of reduced economic activity is called a(n) _____.

2. The purpose of _____ is to communicate the customers that they are receiving a great value for their money.

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About This Quiz & Worksheet

This quiz and corresponding worksheet can be used to assess your knowledge of pricing strategies and how they are created. Topics you need to know to pass the quiz include the various types of inflation strategies.

Quiz & Worksheet Goals

Use these assessment tools to assess your knowledge of:

  • Reduced economic activities
  • Pricing strategies
  • Inflation

Skills Practiced

  • Critical thinking - apply relevant concepts to examine information about inflation in a different light
  • Information recall - access the knowledge you have gained regarding pricing strategies
  • Reading comprehension - ensure that you draw the most pivotal information from the related economic lesson

Additional Learning

To learn more about pricing strategies, review the lesson Economic Factors of Pricing and Pricing Strategy. This lesson covers the following objectives:

  • Define inflation
  • Examine characteristics of delay quotation pricing
  • Compare and contrast delay quotation pricing and escalator pricing
  • Differentiate bundling and unbundling