4 Marketers of financial services use price to achieve three objectives: market share,...
80.2K
Verified Solution
Question
Finance
4 | Marketers of financial services use price to achieve three objectives: market share, profit generation and ____. |
A | Profit optimization |
B | Profit sustainability |
C | Customer retention and loyalty building |
D | Cost reduction |
E | Promote sales of bundled services |
5 | The prime limitation of using parity pricing is that it is _______. |
A | Difficult to allocate fixed costs across multiple services |
B | Pricing can be volatile due to uncontrollable factors |
C | Dependent on the consumers perceptions of parity |
D | Difficult to define |
E | Dependent on competitors pricing strategies |
6 | When MBNA Bank Canada introduced its credit card in Canada, it offered a generous 6-month period of 0% interest on balances transferred from competitors credit cards. A disadvantage of this promotional pricing strategy is that it can attract customers who do not revolve high credit balances. |
A | True |
B | False |
7 | In addition to creating awareness of a financial services brand and to stressing intangible product features, advertising also _______. |
A | Promotes immediate purchase |
B | Attracts new buyers |
C | Assists to differentiate from the brands and products competitors |
D | Generates positive post-purchase dissonance |
E | Contributes towards economic and social prosperity |
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.