Product Pricing

Question 1

Pricing models

Answer 1

Traditional
Strategic
Tactical

Question 2

The Economist Model

Question 3

Premium pricing

Question 4

Controlled-market-based pricing

Question 5

Target pricing

Question 6

Life cycle based pricing

Question 7

Penetration pricing

Question 8

Skimming pricing

Question 9

Predatory pricing

Question 10

Loss leader pricing

Question 11

Pricing with additional feautures

Question 12

Product bundling

Question 13

Time pricing

Question 14

Materials-based pricing

Question 15

Distress pricing

Question 16

Transfer pricing

Question 17

Cost-based pricing

Question 18

Cost Based pricing formula

Answer 18

Cost based
Add: Mark Up
Sales price

Question 19

Cost based model based on absorption costing

Answer 19

DM, DL, VOH, FOH

Question 20

Cost based model based on contribution margin

Answer 20

All except FC

Question 21

Cost model based on prime cost

Answer 21

DL, DM

Question 22

Cost based model based on conversion cost

Answer 22

DL, MOH

Question 23

Cost model based on Material cost

Answer 23

DM

Question 24

Gross Profit Variations Analysis

Answer 24

Sales Variance
Cost of Sales Variance
Gross profit variance

Question 25

2 WAY VARIANCE Sales Variance Cost of Sales

Answer 25

Sales Price = (SP CY - SP LY) x Qty CY Quantity = (Qty CY - Qty LY ) x SP LY Cost of Sales Price = (CP CY - CP LY) x Qty CY Quantity = (Qty CY - Qty LY) x CP LY

Question 26

3 WAY VARIANCE Sales Variance Cost of Sales Variance Joint Variance

Answer 26

Sales Price = (SP CY - SP LY) x Qty LY Quantity = (Qty CY - Qty LY ) x SP LY Cost of Sales Price = (CP CY - CP LY) x Qty LY Quantity = (Qty CY - Qty LY) x CP LY Joint Variance S -> [Price] = (SP CY - SP LY) x (Qty CY - Qty LY) C -> [Price] = (CP CY - CP LY) x (Qty CY - Qty LY)

Question 27

Contribution Margin Variance

Answer 27

Sales Variance Variable Cost Variance

Question 28

Gross Profit Variance Analysis only a variance rate is given