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प्रश्न
The pricing strategy involves charging according to what competitors are charging ______.
विकल्प
Going rate pricing
Cost plus pricing
Penetrating pricing
Skimming pricing
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उत्तर
The pricing strategy involves charging according to what competitors are charging going rate pricing.
Explanation:
Going rate pricing, also known as competitive pricing, involves setting the price of a product based on the prices charged by competitors. This strategy ensures that a company’s prices align with the market and helps maintain competitiveness. It is commonly used in industries where products are similar and price competition is intense.
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संबंधित प्रश्न
Which pricing strategy involves charging according to their competitors?
Explain the below mentioned pricing strategy:
Penetrating pricing strategy
It is also known as ‘going rate pricing’ or competition based pricing.
Which pricing strategy will be used to launch a high end auto motors?
"Competition based pricing is ideal for non-branded products." Comment.
Give one difference between skimming pricing and penetrating pricing.
Identify two desirable conditions under penetrating pricing.
Discuss the pros of Penetrating Pricing Policy.
What are various strategies used for pricing a product?
"Penetrating pricing leads to setting a high initial price". Comment
