Practice mode / Developing Marketing Strategies and Plans The demand for a particular product can decline if the price is? A Option A: stable B Option B: high C Option C: low D Option D: constant Correct answer B. high Show answer
Question 01 / Developing Marketing Strategies and Plans If the unit cost is $30, desired return on sales is 75%, invested capital $60000 and units sold are 20000 then target return price is? A Option A: $45.25 B Option B: $40.25 C Option C: $36.25 D Option D: $32.25 Correct answer D. $32.25 Show answer Open question
Question 02 / Developing Marketing Strategies and Plans The demand curve for the prestige goods slopes is? A Option A: upward B Option B: downward C Option C: leftward D Option D: rightward Correct answer A. upward Show answer Open question
Question 03 / Developing Marketing Strategies and Plans If the total cost is $70000 and the level of production is 30000 units then the average cost will be? A Option A: $2.33 B Option B: $3.33 C Option C: $4.33 D Option D: $5.33 Correct answer A. $2.33 Show answer Open question
Question 04 / Developing Marketing Strategies and Plans The maximum current profit, market skimming, product quality leadership and market share are considered as the techniques of? A Option A: determining demand B Option B: select pricing objective C Option C: analyzing prices of competitor’s D Option D: estimating costs Correct answer B. select pricing objective Show answer Open question
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