which of the following are examples of price adjustments course hero

by Heather O'Connell IV Published 3 years ago Updated 2 years ago 3 min read

What are the situations that cause price adjustments?

Common reasons to raise prices include:

Inflation: During periods of inflation companies need to raise prices to maintain profitability.
Increased Costs: When production costs for the company increase they are likely to raise their prices to offset the change in costs.

Mar 4, 2016

Which of the following is not a price strategy?

Answer and Explanation: The correct answer is e. Penetration pricing. This is correct because it is not a competition-based pricing method.

Which of the following price adjustment strategies offer a price reduction to buyers who pay their bills promptly?

Discounts can be granted as a cash discount, a price reduction to buyers who pay their bills promptly. Typical payment terms look like this: “2/10, net 30”, meaning that payment is due within 30 days, but the buyer can deduct 2 percent if the bill is paid within 10 days.

Which of the following is a price adjustment strategy?

There are seven price adjustment strategies: Discount and allowance pricing, segmented pricing, psychological pricing, promotional pricing, geographical pricing, dynamic pricing and international pricing.Sep 12, 2015

What are the 4 pricing strategies?

Categories. Apart from the four basic pricing strategies -- premium, skimming, economy or value and penetration -- there can be several other variations on these. A product is the item offered for sale.

What are the 4 types of pricing methods?

There are many different pricing strategies, but Competitive Pricing, Cost-plus Pricing, Markup Pricing and Demand Pricing are four common methods for small business owners to use.Jul 10, 2018

Which of the following involves adjusting prices to account for the physical location of customers?

Geographical pricing is the practice of adjusting an item's sale price based on the location of the buyer.

Which of the following pricing strategies is the price that buyers carry in their minds and refer to when they look at a given product?

Reference prices are prices that buyers carry in their minds and refer to when they look at a given product. Promotional pricing is temporarily pricing products below the list price, and sometimes even below cost, to increase short-run sales.

Which of the following terms involves a retailer reducing the price for a customer?

Discount pricing is a pricing strategy used to mark down the prices of the merchandise.

What is the price adjustment policy?

A price-adjustment policy generally means that the retailer will refund the difference if it drops the price on something you purchased there in the last 14 to 30 days.

What is price adjustment in construction contracts?

[1] Price adjustment is a modification made to the overall price of a contract to take account of legitimate changes in the costs of performing the contract. It is a mechanism to protect both buyers and sellers from unforeseeable input price fluctuations.Jun 30, 2019

Why is a pricing adjustment important?

WHY is a pricing adjustment important? Pricing is the cornerstone of your monetization strategy. Changes in pricing can enhance every aspect of your business, and as aspects of your business change so should your pricing.Dec 20, 2021

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Which of the following correctly describes how price adjustments eliminate a surplus?

Expert Answer

Option B is correct answer. We know that surplus is an amount of something that is left over when requirements are met i.e excess of produc view the full answer