GENERAL KNOWLEDGE

GK

MARKETING MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which is the factor of Pricing decisions?
A
Competition
B
Trade Traditions
C
Economic and Political Environment of the Country
D
All of the above
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.