please answer all questions with explanations

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QUESTION 1 What is product mix pricing strategy? O A strategy that advertises special prices O A strategy that sets base prices O A strategy that involves adjusting prices of a group of products to maximize overall profits A strategy that involves calculating then highest possible profit margin on every product. QUESTION 3 Using the target-costing pricing strategy, an organization sets a competitive and strategically appropriate sales price and then subtract the desired profit from this sales price to determine the product's maximum acceptable production costs. True O False QUESTION 4 What is markup pricing? The dollar amount added to the wor's costs The total prot a reseller makes on a sa The dollar amount added to cover the costs of operating a business The dollar amount that represents the average profit margin QUESTION 5 The pricing approach that attempts to create an illusion for the customer O Promotional Pricing O Price Skimming O Psychological Pricing O Segment Pricing QUESTION 7 Important factors in pricing are O Cost O Demand O Competition All of the above QUESTION 8 In competition based pricing an organization may O price above the competition O price the same as the competition O price below the competition O all of the above