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| ______________ describes the relationship between changes in a product’s price and the demand for that product. |
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| _____________ is when a price decrease will decrease total revenue. |
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| _____________ is when a price decrease will increase total revenue. |
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| The ____________ is the quantity of a product that must be sold for total revenues to match total costs at a specific price. |
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| The price charged for a product or service is known as the __________. |
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| The largest part of the selling price for most products is the _________(the cost of producing or buying the product). |
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| The difference between the cost of the product and the selling price is known as the _________ . |
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| All costs associated with actual business operations are _____________. |
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| _________ is the differences between the selling price and all costs and operating expenses associated with the product sold. |
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| A __________ is an amount added to the cost of a product to determine the selling price. |
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| A __________ is a reduction from the original selling price. |
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| A __________ is a very high price designed to emphasize the quality or uniqueness of the product. |
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| A ___________ is a very low price designed to increase the quantity sold of a product by emphasizing the value. |
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| A ___________ is a very low price designed to increase the quantity sold of a product by emphasizing the value. |
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| __________ de-emphasizes price by developing a unique offering that meets an important customer need. |
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| A ______________ means that all customers pay the same price. |
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| A _____________ allows customers to negotiate the price within a price range. |
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Definition
| ____________ are distinct categories of prices based on differences in product quality and features. |
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| ___________ identifies the location from which the buyer pays the transportation costs and takes title to the products purchased. |
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| With ___________, different product or transportation costs are set for specific areas (or zones) of the seller’s market. |
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| _______________ are reductions in a price given to the customer in exchange for performing certain marketing activities or accepting something other than what would normally be expected in the exchange. |
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Definition
| __________(retail credit) is credit extended by a retail business to the final consumer. |
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| __________ is offered by one business to another business. |
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