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Business
Marketing An Introduction
Quiz 10: Pricing: Understanding and Capturing Customer Value
Price Is the Only Element in the Marketing Mix That
Question 2
Short Answer
Price is the only element in the marketing mix that produces ________. revenue variable costs expenses fixed costs stability
revenue
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Q 3
Consumer perceptions of the product's value set the ________ for prices. demand curve floor ceiling variable cost image
Q 4
Product costs set a(n) ________ to a product's price. demand curve experience curve floor ceiling break-even cost
Q 5
________ uses buyers' perceptions of what a product is worth, not the seller's cost, as the key to pricing. Customer value-based pricing Target return pricing Variable costs Price elasticity Product image
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