Questions from Business Foundation


Q: Identify and describe the main types of discounts that are used in

Identify and describe the main types of discounts that are used in the pricing of business products.

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Q: Some firms do not delete products until they become financially threatening.

Some firms do not delete products until they become financially threatening. What problems may result from this practice?

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Q: Under what conditions would a firm be most likely to use non

Under what conditions would a firm be most likely to use non-price competition?

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Q: Under what conditions would a business most likely decide to employ one

Under what conditions would a business most likely decide to employ one of the differential pricing strategies?

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Q: For what type of products are psychological pricing strategies most likely to

For what type of products are psychological pricing strategies most likely to be used?

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Q: What major factor determines whether a product is a consumer or a

What major factor determines whether a product is a consumer or a business product?

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Q: Why do products have to be deleted from a product mix?

Why do products have to be deleted from a product mix?

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Q: Why must firms introduce new products?

Why must firms introduce new products?

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Q: What is the difference between a line extension and a brand extension

What is the difference between a line extension and a brand extension?

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Q: What does the purchaser of a product obtain besides the good,

What does the purchaser of a product obtain besides the good, service, or idea itself?

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