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प्रश्न
______ determines the sales volume and the profit margins.
विकल्प
Price
Place
People
promotion
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उत्तर
Price determines the sales volume and the profit margins.
Explanation:
Price is a critical factor that directly affects both the sales volume and the profit margins. Setting the right price can attract customers, influence their purchasing decisions, and impact the overall profitability of a product or service. It is an essential component of the marketing mix that needs careful consideration to balance competitiveness, cost recovery, and profitability.
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संबंधित प्रश्न
State any two advantages of cost-plus pricing strategy.
It is also known as ‘going rate pricing’ or competition based pricing.
Introducing a product at low price and increasing the price once the brand succeeds is known as ______ pricing.
Under this Pricing Strategy, a business firm adjusts its own price policy in accordance with general pricing structure in the industry.
The pricing strategy involves charging according to what competitors are charging ______.
Give two conditions under which parity pricing is desirable.
What is skimming pricing?
What pricing strategy will be used to launch a high-end smart phone?
What are various strategies used for pricing a product?
"Penetrating pricing leads to setting a high initial price". Comment
