Supermarkets often use ________ by selling milk or bread below cost price just to attract more shoppers into the store., odd pricing, prestige pricing, loss-leader pricing, market skimming, When a smartphone brand introduces a new flagship model at a very high price and then slowly lowers it over time, they are using ________., market penetration pricing, market skimming, going-rate pricing, loss-leader pricing, Bic can sell pens very cheaply because as they produce millions of them, the unit cost decreases. This economic advantage is known as ________., economies of scale, market share, elasticity, market segments, If a product is exactly the same as everything else on the market, a company will usually choose ________ and match their rivals' prices., market penetration pricing, cost-plus pricing, odd pricing, going-rate pricing, Setting a price at $99.99 instead of $100 to make it seem significantly cheaper is a classic psychological trick called ________., prestige pricing, odd pricing, market skimming, unit cost, Coca-Cola owns a massive ________, meaning they sell a huge percentage of all soft drinks purchased globally., market share, profit target, market segment, unit cost, Before you ________ a new product onto the market, you must clearly define your ________ so you know who will buy it., raise / monopolists, charge / sales targets, supply / market segments, launch / target customers, Demand for basic food items like salt is usually ________ because people will buy the same amount even if the price rises., elastic, inelastic, loaded, affordable, Despite the harsh weather conditions, the rescue team finally ________ saving the trapped hikers., managed to, succeeded in, pulled off to, arrived in, The museum is completely free to enter, ________ a small fee for the special temporary exhibitions., in addition to, known as, apart from, which, This historical figure was widely known _____ the finest architect of the Renaissance era., for, in, about, as, ________ the free breakfast, the hotel also provides guests with a complimentary spa voucher., Apart from, In addition to, With which, Except for, The elegance ________ she played the piano completely captivated the entire audience., with which, there are, how, what's like, "I’ve never been to New York. What’s the city ________ during the winter holidays?", as, for, like, at, It is interesting how two people can look at the same piece of art but ________ it in completely different ways., supply, perceive, lower, demand.

Test 23.05

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