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प्रश्न
What is Pricing?
What do you mean by Pricing?
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उत्तर १
The term ‘price’ denotes the money value of a product or service. It is the amount of money a seller is asking for the product or service he offers for sale, or the amount which buyers are to pay for it. According to Clark, “The price of an article or service is its market value expressed in terms of money.”
उत्तर २
Pricing is the process of translating the value of a product or service in terms of money.
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संबंधित प्रश्न
Price is an important element in the ______ of a firm and affects other components of it.
Which of the following is NOT a type of cost considered under the product cost factor of price determination?
Which factor sets the upper limit of price?
Pricing based on utility and demand is founded on which economic law?
While determining price under the extent of competition factor, which aspects of competitors must be considered?
Government and legal regulation of prices is especially relevant in which market situation?
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?
Surviving in competitive markets as a pricing objective is achieved through:
Product quality leadership as a pricing objective involves:
