jeopardy pricing policies pricing strategies beplaws pricing mix q $100 q $200 q $300 q $400 q $500...
TRANSCRIPT
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JeopardyPricing Policies Pricing
Strategies BEP Laws Pricing Mix
Q $100
Q $200
Q $300
Q $400
Q $500
Q $100 Q $100Q $100 Q $100
Q $200 Q $200 Q $200 Q $200
Q $300 Q $300 Q $300 Q $300
Q $400 Q $400 Q $400 Q $400
Q $500 Q $500 Q $500 Q $500
Final Jeopardy
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$100 Question from Pricing Policies
This policy guarantees the consumerthe lowest price.
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$100 Answer from Pricing Policies
What is Everyday Low Prices?
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$200 Question from Pricing Policies
This type of pricing policy is often used for high priced items.
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$200 Answer from Pricing Policies
What is negotiated pricing?
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$300 Question from Pricing Policies
This type of pricing is based on a forecast of what consumers are willing to pay.
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$300 Answer from Pricing Policies
What is Psychological Pricing?
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$400 Question from Pricing Policies
An example of this type of pricing policy is advertising an item in a weekly flyer at a really low price.
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$400 Answer from Pricing Policies
What is leader pricing (or loss leader)?
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$500 Question from Pricing Policies
This type of pricing policy would involve having all items that are the same price grouped together.
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$500 Answer from Pricing Policies
What is Price Lining?
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$100 Question from Pricing Strategies
This strategy involves charging whatever the competition is charging.
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$100 Answer from Pricing Strategies
What is Competitive Pricing?
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$200 Question from Pricing Strategies
This involves initially charging a high price.
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$200 Answer from Pricing Strategies
What is Market Skimming?
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$300 Question from Pricing Strategies
The price charged by the market leader.
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$300 Answer from Pricing Strategies
What is the benchmark price?
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$400 Question from Pricing Strategies
This strategy is used to try to quicklyrecover development and marketing costs.
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$400 Answer from Pricing Strategies
What is Market Skimming?
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$500 Question from Pricing Strategies
This strategy is used when a company wants to gain market share very quickly.
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$500 Answer from Pricing Strategies
What is Penetration Pricing?
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$100 Question from BEP
A calculation of how many units must be sold in order to cover the costs of makingand marketing the product.
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$100 Answer from BEP
What is Break Even Analysis?
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$200 Question from BEP
These costs go up or down depending on quantity sold or produced.
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$200 Answer from BEP
What are variable costs?
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$300 Question from BEP
Rent, Equipment & hydro are all examples.
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$300 Answer from BEP
What are fixed costs?
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$400 Question from BEP
Selling Price – Variable Costs
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$400 Answer from BEP
What is Gross Profit?
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$500 Question from BEP
The number of units that must be sold to break even if a company charges $10 for a product; variable costs are $5 and fixed costs are $500.
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$500 Answer from BEP
What is 100?
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$100 Question from Laws
The illegal practice of having 2 pricetags on a product and charging thehighest one.
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$100 Answer from Laws
What is double ticketing?
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$200 Question from Laws
The illegal practice of advertising products as being on sale when they are actually regular price.
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$200 Answer from Laws
What is False Sales Prices?
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$300 Question from Laws
The illegal practice of agreeing with other retailers to charge a particular price, thereby limiting competition.
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$300 Answer from Laws
What is Price Fixing?
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$400 Question from Laws
The practice of advertising a productat a low price and then promotion a more expensive product.
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$400 Answer from Laws
What is Bait-and-Switch?
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$500 Question from Laws
The Government agency responsible for dealingwith illegal pricing practices.
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$500 Answer from Laws
What is the Competition Bureau (ofCanada)?
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$100 Question from Pricing Mix
The concept that the more products a company makes, the lower the production costs for each individual product.
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$100 Answer from Pricing Mix
What are Economies of Scale?
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$200 Question from Pricing Mix
A slight increase in price will resultin a greater decrease in sales.
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$200 Answer from Pricing Mix
What is Price Sensitivity?
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$300 Question from Pricing Mix
Deliberately setting a high price for a product so it is seen as high quality.
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$300 Answer from Pricing Mix
What is Premium Pricing?
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$400 Question from Pricing Mix
This is one of the factors influencingpricing for the international market.
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$400 Answer from Pricing Mix
What is a tariff? (transportation costsor currency values)
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$500 Question from Pricing Mix
These are the two main factors thatdetermine price.
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$500 Answer from Pricing Mix
What are the cost of doing businessand the profit a company wants to make?
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Final Jeopardy
These are 3 factors that influence price sensitivity for a product.
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Final Jeopardy Answer
What are customer’s awarenessof substitutes, income level and brand image?
Poetry Jeopardy Q $100 Q $200 Q $300 Q $400 Q $500 Q $100 Q $200 Q $300 Q $400 Q $500 Final Jeopardy
Unit 9 Jeopardy Final Jeopardy GAPIEDMONT ATLANTACHEROKEE WOODSTK Q $100 Q $200 Q $300 Q $400 Q $500