This is the method used by company to set its selling price.
What is pricing?
100
The store gets 25% of all profits and the supplier gets 75% how much money would the store get of a candy bar that cost $2?
$.50
100
Outlaws any attempts to interfere with free and competitive production and distribution of goods.
What is the Sherman Antitrust Act
100
This many factors affect pricing.
What is 4?
100
The only company that has an available product because they have eliminated all other competition.
What is a monopoly?
200
This is the pricing strategy of setting a price very low, intending to drive competitors out of the market.
What is predatory pricing?
200
Why would a book store make one of their books 75% off?
Because its not very popular and they would like to get a new shipment of more profitable books.
200
Marketing law that banned price discrimination.
What is the Clayton Act?
200
Who benefits from effective pricing when judgement can be made about about a purchase and place value on goods they have purchased.
What is the customer?
200
This act was amended by the Clayton Act.
What is the Sherman Antitrust Act?
300
This underhanded business strategy involves advertising goods at a bargain, then replacing them with inferior or more expensive goods.
What is bait-and-switch advertising?
300
What are three factors that affect selling price?
Consumers, Government, Competition
300
This act was made in 1936.
What is the Robinson-Patman Act?
300
Costs and expenses is a factor of this.
What is effective pricing?
300
This type of barcode has 12 numbers.
What is UPC?
400
The process in which the export by a country or company of a product at a price that is lower in the foreign market than the price charged in the domestic market is called this.
What is dumping?
400
What are the goals of pricing?
Earning a profit, gaining market share, keeping up with or beating the competition, maintaining the company’s image.
400
FTC is an abbreviation of this government organization.
What is Federal Trade Commission?
400
Competitors, product costs, and government laws and regulations are examples of this.
What are factors that affect a product's pricing?
400
This many ethical issues are in pricing.
What is 5?
500
This is the action of selling the same product at different prices to different buyers, in order to maximize sales and profits.
What is price discrimination?
500
What is the difference between price and cost?
Cost is how much a company must spend to get a product to sell. Price is how much a company sells a product to the customer for.
500
This organization promotes customer protection and deters anti competitive business practices.
What is the Federal Trade Commission?
500
Attracts the customers attention and enforces the idea of "value" for the money. This is a characteristic of ________.
What is effective pricing?
500
This person usually sets the prices in a small business.