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प्रश्न
Explain the following term/concept in detail.
Pricing of Product
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उत्तर
Pricing is one of the most important as well as challenging functions of marketing. Many times price of the product decides the success or failure of the product. Pricing plays an important role in the market where there is cutthroat competition. While determining the price of the product businessman needs to consider factors like cost, desired profit, price of the competitor's product, demand for the product, market condition, etc. Business needs to change prices as per the need of the market. If prices are too high, it might lose customers but if prices are too low, it might suffer losses. So deciding the right price needs extensive market research.
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संबंधित प्रश्न
______ is a slip which is found on the product and provides all the information regarding the product and its producer.
Explain standardization.
Explain labeling.
_____________ is set of activities which is concerned with efficient movement of finished goods from place of production to place of consumption.
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Which of the following sets of decisions is included in marketing planning?
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Standardisation means:
Grading is the process of:
A strong brand name:
Good customer support services increase:
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Which of the following are tools used in promotion?
Transportation is defined as:
Storage ensures smooth availability of products and protects against:
Which functions of marketing directly influence demand and loyalty?
Which functions of marketing maintain a steady availability of products to consumers?
