Price Mix

Question 1

Definite sum of money given at regular intervals

Answer 1

ALLOWANCE

Question 2

Additional benefits or free service being offered

Answer 2

Amenities

Question 3

Business rivalry between persons or firms

Answer 3

Competition

Question 4

Reduction of value or worth

Answer 4

Devaluation

Question 5

Reduce the cost or value of the product from the full amount

Answer 5

Discount

Question 6

Charging higher prices for faraway customers

Answer 6

Geographical pricing

Question 7

Unstable rise in price levels

Answer 7

Inflation

Question 8

List of products with the description and quantity of each

Answer 8

Inventories

Question 9

Amount of price increase when products are sold at retail ot wholesale prices

Answer 9

Mark-up

Question 10

Pricing plan or technique for achieving some end relative to competition

Answer 10

Pricing strategy

Question 11

Arrangement or agreement on top of the regular discounts

Answer 11

Product deal

Question 12

Any advantage or gain

Surplus remaining after all the necessary deductions

Answer 12

Profit

Question 13

Deduction from a gross amount or money given as a reard for patronizing a company’s product

Answer 13

Rebates

Question 14

Financial assistance afforded by one individual to another

Answer 14

Subsidy

Question 15

Not constant price

Has a tendency to change

Answer 15

Variable cost