Question: please answer these questions correctly with explanations and answer all the questions will get a thumbs up QUESTION 6 In a competitive market, a company

please answer these questions correctly with explanations and answer all the questions will get a thumbs up

will get a thumbs up QUESTION 6 In a competitive market, a

QUESTION 6 In a competitive market, a company acts as a price taker and must minimize and control costs O True False QUESTION 7 Which are potential pricing strateggies and objectives O position the product/brand- o increase sales/ market share o achieve target profits O All of these QUESTION 8 Pricing strategies designed to influence customers' perceptions of price (ie. odd-even, prestige) O Psychological Pricing Target Pricing Demand Pricing O Price Skimming QUESTION 9 Pricing strategy that offers a product below cost to attract customers into a store or virtual site Psychological Pricing Target Pricing Loss Leader O Price Skimming Pricing strategy that consider the life cycle costs and focuses on infuencing cost in the design and development phase Psychological Pricing O Target Pricing Loss Leader O Price Skimming QUESTION 11 Pricing strategy that starts with a high price and then drops it down to lower price over time Psychological Pricing Target Pricing O Loss Leader O Price Skimming

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