1) This means setting the price lower than the competitors. a) Competitive b) Penetration c) Dynamic d) Skimming e) Promotional f) Cost-plus 2) Setting the prices of your products the same as your competitors. a) Competitive b) Penetration c) Dynamic d) Skimming e) Promotional f) Cost-plus 3) A high price that’s set for a new product on the market. a) Competitive b) Penetration c) Dynamic d) Skimming e) Promotional f) Cost-plus 4) Changing the price of the product to match the demand. a) Competitive b) Penetration c) Dynamic d) Skimming e) Promotional f) Cost-plus 5) When a product is sold at a low price to increase sales in a short time. a) Competitive b) Penetration c) Dynamic d) Skimming e) Promotional f) Cost-plus 6) The cost of manufacturing a product plus a mark-up a) Competitive b) Penetration c) Dynamic d) Skimming e) Promotional f) Cost-plus

Pricing Quiz IGCSE Business

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