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Quiz November 26th
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1. In retailing Black Friday a. Is the biggest retailing day of the year b. The day after Christmas c. Had fewer sales this year d. All of these are true
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2. ______ is a pricing objective where price is initially set high on merchandise a. a. Target Return Objective b. b. Profit Maximization c. c. Skimming d. d. Penetration
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3. If I am following an above-market pricing policy, I am likely to have a. Inferior merchandise b. Fewer services c. Convenient locations d. Limited hours of operation
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4. ________ is a policy that encourages offering the same products and quantities to different customers at different prices. a. Customary Pricing b. Flexible Pricing c. One-Price Pricing d. Price Lining
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5. Which team will be down to its 4 th or 5 th string quarterback for the civil war game? a. The Oregon Ducks
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