GK
MARKETING MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is the factor of Pricing decisions?
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Competition
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Trade Traditions
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Economic and Political Environment of the Country
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All of the above
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Explanation:
Detailed explanation-1: -Determinants of Price in Marketing The main determinants that affect the price are: Product Cost. The Utility and Demand. The extent of Competition in the market.
Detailed explanation-2: -It involves aspects such as demand and supply, cost of the product, its perception and value for the customer and many such factors.
Detailed explanation-3: -The most important factor is the cost of production. In deciding to market a product, a firm may try to decide what prices are realistic, considering current demand and competition in the market.
Detailed explanation-4: -Pricing decisions are the choices businesses make when setting prices for their products or services.
There is 1 question to complete.