ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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what is a price?
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Price is the amount that must be paid to purchase a product or access a service.
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price is style of payment
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price is amount owed to debtor
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price is the profit a business makes
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Explanation:
Detailed explanation-1: -Expansion of current profits-Most of the company tries to enlarge their profit margin by evaluating the demand and supply of services and goods in the market. So the pricing is fixed according to the product’s demand and the substitute for that product. If the demand is high, the price will also be high.
Detailed explanation-2: -At its most basic, a price is the amount of money that a buyer gives to a seller in exchange for a good or a service.
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