BUSINESS ADMINISTRATION
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which one of the following factors is not relevant to price fixation?
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Obtaining market leadership
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Age of an organisation
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Value for money
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Product differentiation
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Explanation:
Detailed explanation-1: -Therefore, from the above explanation, consumer behavior for a given product is not an internal factor in pricing decisions.
Detailed explanation-2: -Government and legal regulations do not affect the price of a product.
Detailed explanation-3: -Solution. If the demand for a product is inelastic.
There is 1 question to complete.