Question 7 Match each item with the correct statement below. A(n) involves the use of a high price relative to competitive offerings. Choose] A(n) is a pricing practice in which a firm raises prices and then wait to see if others follow suit (Choose] The strategy of using a relative low entry price compared with competitive offerings to secure market acceptance is called an) Choose] A(n) is designed to deemphasize price as a competitive variable by pricing a good or service at the level of comparable offerings (Choose A(n) is a price reduction offered to a consumer or a business buyer in return for prompt payment of a bill. [Choose] A(n) is a payment to a channel member or buyer for performing marketing functions, (Choose The price normally quoted to potential buyers is called Choose The amount a consumer actually pays for a product is called The price reduction granted on a one-time-only basis is called an) A(n) is a general guideline that reflects marketing objectives and influences specific pricing decisions. is a pricing policy permitting variable services for goods and services. A price of $9.99 is an example of [Choose ] transfer price market price noncumulative quantity discount list price cash discount bot odd pricing price flexibility skimming pricing strategy bundle pricing pricing policy trade discount promotional pricing penetration pricing strategy cannibalization loss leader competitive bidding step out profit center competitive pricing strategy Choose] The pricing policy in which a lower-than-normal price is used as a temporary ingredient in a firm's marketing strategy is called A product offered to consumers at less than cost to attract them to stores in the hope that they will buy other merchandise at regular prices is called an) The process of inviting potential suppliers to quote prices on proposed purchases or contracts is known as A(n) is a part of an organization to which revenue and controllable costs can be assigned. The cost assessed when a product is moved from one profit center within a firm to another is called Choose is the loss of sales of an existing product due to competition from a new product in the same line. Choose Offering a printer along with a personal computer at a single price is an example of Choose > A(n) is a software program that allows online shoppers to compare prices of a particular product offered by several online retailers. Choose] >