HSA 305 QUIZ 7 / HSA305 QUIZ 7.: GRADED A | 100% CORRECT |STRAYER

HSA 305 QUIZ 7 / HSA305 QUIZ 7.: GRADED A | 100% CORRECT |STRAYERHSA 305 QUIZ 7 • 4 out of 4 points When more units are produced, spreading the costs over more items, the decline of the cost per item is called: • Question 2 4 out of 4 points Customer segment pricing, where different customer groups are charged different prices for the same product, falls under which degree of price discrimination? • Question 3 4 out of 4 points Customers are generally most price sensitive when products are very costly or: • Question 4 4 out of 4 points Price is the single marketing element that results in: • Question 5 4 out of 4 points A company that requires the customer to pay today’s price plus all or part of inflationary increases that occur before delivery is using: • Question 6 4 out of 4 points Which pricing objective is suitable as a short term objective for companies plagued with overcapacity or intense competition? • Question 7 4 out of 4 points The practice of adjusting prices to keep them just under those of the competition is called: • Question 8 4 out of 4 points The three C’s of pricing are customers’ demand schedule, cost functions and: • Question 9 4 out of 4 points What is an illegal practice whereby very large companies price below their production costs to drive smaller firms out of business? • Question 10 4 out of 4 points The consideration of total disease costs, including physician services, hospitalizations, diagnostic tests and supplies is characteristic of: • Question 11 4 out of 4 points Conducting field experiments to observe the effect of varying prices on the same products in different but similar markets is a method of: • Question 12 4 out of 4 points What document specifies what an insurance product covers and how much of the expense the plan will pay? A certificate of insurance. • Question 13 4 out of 4 points Consumers who accept prices at face value are called price: • Question 14 4 out of 4 points What is a shopbot? • Question 15 4 out of 4 points Market research is used to establish a new product’s desired functions and its anticipated sales price. What method of activity based accounting derives the costs that must be achieved through the deduction of profit margin from the price?