Pricing Decisions: Profit-Oriented, Sales & Status Quo

Instructions:

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

question 1 of 3

Which pricing type's ultimate goal is to reach a particular level of profit by using price to get sales that produce a certain profit per unit?

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 75,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime.
Already registered? Login here for access

1. What is sales-oriented pricing based on?

2. Airline companies tend to utilize what type of pricing decision?

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

See what you know about profit, sales, competitor, and customer orientation pricing strategies with a short, multiple-choice quiz. Take the quiz as many times as needed until you feel confident with the material on pricing decisions.

Quiz & Worksheet Goals

Correctly answer questions on the following to pass the quiz:

  • The pricing type with the goal of getting sales with a certain profit per unit
  • The basis for sales-oriented pricing
  • Identifying a particular pricing objectives from a given description
  • Which pricing decision airlines tend to use

Skills Practiced

  • Reading comprehension - ensure that you've drawn and retained the most important information on these pricing strategies from the related lesson
  • Distinguishing differences - distinguish between the different pricing strategies and objectves
  • Knowledge application - use your knowledge to answer questions about the idea behind sales-oriented pricing

Additional Learning

Pricing Decisions: Profit-Oriented, Sales & Status Quo is the name of the lesson that accompanies this quiz and worksheet. Study it to learn more about the following:

  • What the Maximizing Profits method entails
  • How companies should decide on a pricing strategy
  • A sample scenario involving a company board with different ideas about its pricing strategy
Support