GK
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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____ decisions dictate how much to charge for goods and services in order to MAKE A PROFIT.
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Pricing
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Promotion
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Selling
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Market Planning
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Explanation:
Detailed explanation-1: -Cost-led pricing is the easiest way to price a product. This involves taking the cost of making the product and creating a profit margin, which is how much profit your business stands to make after costs have been deducted.
Detailed explanation-2: -Pricing is a process to determine what manufactures receive in exchange of the product. Pricing depends on various factors like manufacturing cost, raw material cost, profit margin etc.
There is 1 question to complete.