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Free Exam: Lesson 1: Pricing

Number of Questions in Test: 10
Number of Questions in Preview: 5
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Question 1

A reasonable margin for a convenience store is:

Type: Multiple choice
Points: 1
Randomize answers: No

Question 2

If the price level is set at 40 margin points, what margin percentage will be earned on each unit sold?

Type: Multiple choice
Points: 1
Randomize answers: No

Question 3

When the demand of your competitors has gone up due to price change, this means your prices should probably:

Type: Multiple choice
Points: 1
Randomize answers: No

Question 4

The number of units (boxes, bottles, bags, etc.) of an item sold in a given period of time is called:

Type: Multiple choice
Points: 1
Randomize answers: No

Question 5

Which of the following products would most likely have a larger change in demand due to price changes?

Type: Multiple choice
Points: 1
Randomize answers: No

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