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Exam (elaborations)

MARKETING 311 PRICING QUESTIONS WITH CORRECT ANSWERS

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MARKETING 311 PRICING QUESTIONS WITH CORRECT ANSWERS

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Product Line Pricing


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Setting prices across an entire product line (Carwashes)




Product Mix Pricing Strategies


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-Product Line Pricing
-Optional-Product Pricing
-Captive-Product Pricing
-By-Product Pricing
-Product Bundle Pricing

, High/Low Pricing


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Price relies on promotion of sales, attracts all consumers, creates
excitement via perceived scarcity, most effective with anchor price to
indicate value (Safeway)




Customers: Demand Consideration


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-Consumers needs/wants
-Brand Perception
-Mkt Considerations




Competition-Based Pricing


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Prices based on competitors' strategies, prices, costs, and mkt offerings
-Competitive Parity
-Status Quo




By-Product Pricing


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Uploaded on
August 7, 2026
Number of pages
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