1. All of the following are elements of a product except:

   	a.	brand name
   	b.	quality
   	c.	warrenty
   	d.	all of the above

1. When companies initially set their prices very low but then over time increase prices at a increase rate, this is an example of?

   	a.	price penetration
   	b.	price descrimination
   	c.	price skimming
   	d.	price fixing

1. When McDonalds looks to price its new pizza, it may look to Dominos. This is an example what type of pricing?

   	a.	customers
   	b.	company objectives
   	c.	costs
   	d.	competition