BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Market Cost of a product includes____
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Factor Cost
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Advertisement Cost
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Transportation Cost
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All of above
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Explanation:
Detailed explanation-1: -The marketing concept rests on four pillars: target market, customer needs, integrated marketing and profitability.
Detailed explanation-2: -There are many different pricing strategies, but Competitive Pricing, Cost-plus Pricing, Markup Pricing and Demand Pricing are four common methods for small business owners to use.
Detailed explanation-3: -The price of the product includes the variable cost of each item plus a proportionate amount of the fixed costs and is a form of cost-plus pricing.
There is 1 question to complete.