Pricing MCQs

Written by True Tamplin, BSc, CEPF®

Reviewed by Subject Matter Experts

Updated on March 26, 2023

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.

1. Which of the following has a major influence on pricing decisions?
2. What is the name of the practice of setting prices relatively low when introducing a new product to the market?
3. What is the pricing method that focuses on eliminating non-value-added costs?
4. What is the practice of temporarily reducing a price to broaden demand for a product, with the intention of later restricting supply and increasing the price?

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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.