Pricing – Multiple Choice Questions (MCQs)Cost accounting MCQs / By rashidjaved Please enter your email: 1. Which of the following has a major influence on pricing decisions? Customer demand Actions of competitors Costs Political, legal and image-related issues All of the above 2. What is the practice of setting initial relatively low when introducing a new product to the marketplace called? Predatory pricing Skimming pricing penetration pricing Target Costing Cost-plus pricing 3. What is the pricing method that focuses on eliminating non-value-added costs? Predatory pricing Skimming pricing Penetration pricing Target Costing Cost-plus pricing 4. What is the practice of temporarily reducing a price to broaden demand for a product, with the intention of later restricting the supply and raising the price? Predatory pricing Skimming pricing Penetration pricing Target Costing Cost-plus pricing Loading … Next Quiz: Responsibility Accounting – Multiple Choice Questions (MCQs) Related posts:Overhead Costing MCQs Capital and revenue expenditures multiple choice questions (MCQs) Choice criterion Responsibility Accounting – Multiple Choice Questions (MCQs) Acquisition of multiple assets together Also Check: Cost Concept, Analysis and Classifications MCQs
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