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प्रश्न
Price is an important element in the ______ of a firm and affects other components of it.
विकल्प
Place
Product
Promotion
Marketing
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उत्तर
Price is an important element in the Marketing of a firm and affects other components of it.
Explanation:
Price is a critical element of a firm's marketing strategy. It influences and interacts with other components of the marketing mix, such as product, place, and promotion. Effective pricing strategies can help a firm position its products, attract target customers, and achieve a competitive advantage in the market.
संबंधित प्रश्न
As a regulator of demand, how does price influence demand?
In marketing, which element is described as a key competitive weapon?
Price is a determinant of which of the following for a firm?
Which of the following is NOT a type of cost considered under the product cost factor of price determination?
In price determination, cost acts as:
Pricing based on utility and demand is founded on which economic law?
Under government and legal regulations, the government can control prices by:
Which product pricing scenario illustrates government regulation of prices in a situation where firms have monopoly power?
Which two time horizons of profit maximisation are considered as pricing objectives?
Which of the following is NOT a marketing method that affects price determination?
