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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?
Markup pricing is also called as ______.
Introducing a product at low price and increasing the price once the brand succeeds is known as ______ pricing.
Setting a price below than that of the competition is called ______.
Under this Pricing Strategy, a business firm adjusts its own price policy in accordance with general pricing structure in the industry.
The main aim of penetrating pricing is to ______.
Which pricing strategy will be used to launch a high end auto motors?
Give two conditions under which parity pricing is desirable.
What is skimming pricing?
Identify two desirable conditions under penetrating pricing.
