GENERAL KNOWLEDGE

GK

MARKETING MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
____ decisions dictate how much to charge for goods and services in order to MAKE A PROFIT.
A
Pricing
B
Promotion
C
Selling
D
Market Planning
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.