Pricing MCQs

True Tamplin

Written by True Tamplin, BSc, CEPF®
Updated on March 25, 2022

Test your knowledge with this multiple choice question (MCQ) test on pricing. If you can answer every question correctly, it will be great preparation for your exams, interviews, and professional work. To begin, just click on the “Start Quiz” button.

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Frequently Asked Questions

What are the three major factors affecting pricing decisions?

Customers, competitors, and costs influence prices through demand and supply.

What type of cost is marked up pricing?

Pricing Decisions are the choices businesses make when setting prices for their products or services. Simple pricing involves charging what competitors charge for similar goods and services. This strategy is often used by retailers and wholesalers selling commodities.

What type of cost is marked up pricing?

What type of cost is marked up pricing?

What is the most important factor in pricing decisions?

The most important factor is the cost of production. In deciding to market a product, a firm may try to decide what prices are realistic, considering current demand and competition in the market.

What are the four types of pricing methods?

Replacement cost, market comparison, discounted Cash Flow/net present value, and value comparison.

True Tamplin, BSc, CEPF®

About the Author
True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website, view his author profile on Amazon, or check out his speaker profile on the CFA Institute website.

6 thoughts on "Pricing MCQs"

    1. We’re glad you were able to practice using our quizzes. Be sure and let others know of this resource. Take care!

    1. We’re glad you were able to practice using our quizzes. Be sure and let others know of this resource. Take care!

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