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BUAD 332 EXAM 3 – BUSINESS LOGISTICS AND SUPPLY CHAIN
MANAGEMENT TEST LATEST 2026-2027 ACTUAL EXAM WITH
COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (100%
VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED|| ||BRANDNEW!!!||
What are the 3 External Factors Affecting Pricing Decisions -
ANSWER-1. Markets and Demand, 2. Competitor's Costs, Prices,
and Offers, and Other External Factors (Economic Conditions,
Reseller Reactions, Government Actions, and Social Concerns)
Pricing Decision from Many Buyers and Sellers Who Have Little
Effect on the Price - ANSWER-Pure Competition
What is an example of Pure Competition? - ANSWER-Wheat
Pricing Decision from Many Buyers and Sellers Who Trade Over
a Range of Prices - ANSWER-Monopolistic Competition
What is an example of Monopolistic Competition? - ANSWER-
Clothing
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Pricing Decision from Few Sellers Who Are Sensitive to Each
Other's Pricing/ Marketing Strategies - ANSWER-Oligopolistic
Competition
What is an example of Oligopolistic Competition? - ANSWER-
Airline industry, cell phone provider
Pricing Decision from a Single Seller - ANSWER-Pure Monopoly
What is an example of a Pure Monopoly? - ANSWER-Utilities
companies, some say pharmaceutical companies
Demand that if you raise price, the demand does not change very
much - ANSWER-Inelastic
Demand that if price changes, there is a big difference in demand
- ANSWER-Elastic
What do marketers want to do regarding price elasticity? -
ANSWER-Reduce it
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Setting a High Price for a New Product to Skim Maximum
Revenues from the Target Market; Results in Fewer, But More
Profitable Sales. - ANSWER-Market Skimming
What are the 3 conditions of Market Skimming? - ANSWER-1.
Product's Quality and Image Must Support Its Higher Price, 2.
Costs Can't be so High that They Cancel the Advantages of
Charging More, 3. Competitors Shouldn't be Able to Enter Market
Easily and Undercut the High Price
Setting a Low Price for a New Product in Order to Penetrate the
Market Quickly and Deeply; Attract a Large Number of Buyers
and Win a Larger Market Share. - ANSWER-Market Penetration
What are the 3 conditions of Market Penetration? - ANSWER-1.
Market Must be Highly Price-Sensitive so a Low Price Produces
More Market Growth, 2. Production/Distribution Costs Must Fall
as Sales Volume Increases, 3. Must Keep Out Competition &
Maintain Its Low Price Position or Benefits May Only be
Temporary.
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What is an example of market skimming? - ANSWER-Apple
Watches
What is an example of market penetration? - ANSWER-Kindle
Fire
Pricing optional or accessory products sold with the main product.
For example: added memory on a computer - ANSWER-Optional-
Product
Pricing products that must be used with the main product (ink for
printer) - ANSWER-Captive-Product
What are the 5 ways to adjust basic price to reward customers for
certain responses? - ANSWER-1. Cash discount, 2. Quantity
discount, 3. Promotional allowance, 4. Seasonal discount, 5.
Trade-In allowance
BUAD 332 EXAM 3 – BUSINESS LOGISTICS AND SUPPLY CHAIN
MANAGEMENT TEST LATEST 2026-2027 ACTUAL EXAM WITH
COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (100%
VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED|| ||BRANDNEW!!!||
What are the 3 External Factors Affecting Pricing Decisions -
ANSWER-1. Markets and Demand, 2. Competitor's Costs, Prices,
and Offers, and Other External Factors (Economic Conditions,
Reseller Reactions, Government Actions, and Social Concerns)
Pricing Decision from Many Buyers and Sellers Who Have Little
Effect on the Price - ANSWER-Pure Competition
What is an example of Pure Competition? - ANSWER-Wheat
Pricing Decision from Many Buyers and Sellers Who Trade Over
a Range of Prices - ANSWER-Monopolistic Competition
What is an example of Monopolistic Competition? - ANSWER-
Clothing
,2|Page
Pricing Decision from Few Sellers Who Are Sensitive to Each
Other's Pricing/ Marketing Strategies - ANSWER-Oligopolistic
Competition
What is an example of Oligopolistic Competition? - ANSWER-
Airline industry, cell phone provider
Pricing Decision from a Single Seller - ANSWER-Pure Monopoly
What is an example of a Pure Monopoly? - ANSWER-Utilities
companies, some say pharmaceutical companies
Demand that if you raise price, the demand does not change very
much - ANSWER-Inelastic
Demand that if price changes, there is a big difference in demand
- ANSWER-Elastic
What do marketers want to do regarding price elasticity? -
ANSWER-Reduce it
,3|Page
Setting a High Price for a New Product to Skim Maximum
Revenues from the Target Market; Results in Fewer, But More
Profitable Sales. - ANSWER-Market Skimming
What are the 3 conditions of Market Skimming? - ANSWER-1.
Product's Quality and Image Must Support Its Higher Price, 2.
Costs Can't be so High that They Cancel the Advantages of
Charging More, 3. Competitors Shouldn't be Able to Enter Market
Easily and Undercut the High Price
Setting a Low Price for a New Product in Order to Penetrate the
Market Quickly and Deeply; Attract a Large Number of Buyers
and Win a Larger Market Share. - ANSWER-Market Penetration
What are the 3 conditions of Market Penetration? - ANSWER-1.
Market Must be Highly Price-Sensitive so a Low Price Produces
More Market Growth, 2. Production/Distribution Costs Must Fall
as Sales Volume Increases, 3. Must Keep Out Competition &
Maintain Its Low Price Position or Benefits May Only be
Temporary.
, 4|Page
What is an example of market skimming? - ANSWER-Apple
Watches
What is an example of market penetration? - ANSWER-Kindle
Fire
Pricing optional or accessory products sold with the main product.
For example: added memory on a computer - ANSWER-Optional-
Product
Pricing products that must be used with the main product (ink for
printer) - ANSWER-Captive-Product
What are the 5 ways to adjust basic price to reward customers for
certain responses? - ANSWER-1. Cash discount, 2. Quantity
discount, 3. Promotional allowance, 4. Seasonal discount, 5.
Trade-In allowance
