Price Can Play a Strategic Role in Which of the Following

question 49

Multiple Choice

Price can play a strategic role in which of the following ways?

• A)Symbolise quality
• B)Differentiate a service from its competitors
• C)Symbolise value offered
• D)Manage demand
• E)All of the above

---

Definitions:

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a dataset, often used in calculating cost of goods sold or inventory valuation.

Sales Proportion

The ratio or percentage of a product's sales in relation to total sales of all products, indicating its market performance.

Cost-Volume-Profit Graph

A visual representation that shows how changes in cost and volume affect a company's profit.

Step-Wise Costs

Costs that remain fixed over a range of activity but will increase in a step-like manner when a certain threshold is reached.