Entrep(copy)

Question 1

IT REFERS TO THE IDENTITY OF A COMPANY, OF A PRODUCT, OF A SERVICE OR AN ENTREPRENEUR ITSELF.

Accepted Answer

Branding

Question 2

WHERE PRICES ARE
INITIALLY HIGH AND THEN LOWERED TO OFFER PRODUCT TO A WIDER MARKET.

Accepted Answer

SKIMMING

Question 3

- MARKUP IS BASED ON A CERTAIN PERCENTAGE OF COST.

Accepted Answer

COST PLUS PRICING

Question 4

- ADDING AN EXTRA PRODUCT OR SERVICE ON TOP OF THE ORIGINAL TO GENERATE PROFIT

Accepted Answer

OPTIONAL PRICING

Question 5

POSITIONING OF PRICE IN THE MARKET.

Accepted Answer

PHYSIOLOGICAL PRICING

Question 6

BENCHMARKING
PRICES WITH THE COMPETITORS.

Accepted Answer

COMPETITIVE PRICING

Question 7

PRICING
DIFFERENT PRODUCTS WITHIN A PARALLEL PRODUCT ARRAY USING
VARYING PRICE POINTS.

Accepted Answer

PRODUCT LINE PRICING

Question 8

- BASIS OF MARK
UP o THE COST Or THE SALES

Accepted Answer

COST BASED PRICING

Question 9

REFERS TO SETTING LOW PRICES TO INCREASES CUSTOMERS.

Accepted Answer

PENETRATION PRICING-

Question 10

- THEY ARE THE LIFEBLOOD OF THE BUSINESS.

Accepted Answer

CUSTOMERS

Question 11

- ONE OF THE MOST RELIABLE AND CREDIBLE WAYS OF GETTING RELEVANT INFORMATION FROM THE TARGET CUSTOMERS. IT IS ALSO A FACE-TO-FACE CONTACT BETWEEN THE ENTREP AND RESPONDENT/CLIENT.

Accepted Answer

THE INTERVIEW

Question 12

IT SIMPLY STATES WHY A CUSTOMER SHOULD BUY A CERTAIN PRODUCT OR SERVICE. IT IS ALSO THE MAJOR DRIVER IN CUSTOMER PURCHASE.

Accepted Answer

VALUE PROPOSITION

Question 13

- A PHYSICAL GOOD, SERVICE OR IDEA CREATED BY AN ENTREP OR INNOVATOR IN SERVING THE NEEDS OF THE CUSTOMER.

Accepted Answer

PRODUCT

Question 14

- 2 OR MORE PRODUCTS OR SERVICES IN ONE REDUCED PRICE.

Accepted Answer

BUNDLING

Question 15

-it refers to how you will sell the product or service to your customers. It also addresses the customers wants and desires.

Accepted Answer

UNIQUE SELLING PROPOSITION

Question 16

- GROUP YOUR CUSTOMERS ACCORDING TO THEIR LOCATION.

Accepted Answer

GEOGRAPHIC SEGMENTATION

Question 17

- RESULT OF MAINTAINING SATISFIED CUSTOMERS.

Accepted Answer

LOYALTY

Question 18

- GROUP YOUR CUSTOMERS ACCORDING TO THEIR ACTIONS.

Accepted Answer

BEHAVIORAL SEGMENTATION

Question 19

- HOW OFTEN THEY USED THAT PRODUCT.

Accepted Answer

USAGE OF PRODUCTS OR AVAILMENT OF SERVICE

Question 20

- ALSO AFFECTS CUSTOMER'S BUYING BEHAVIOR. FOR EXAMPLE, SEASON OF CHRISTMAS, VALENTINES, ETC.

Accepted Answer

OCCASIONS