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प्रश्न
______ determines the sales volume and the profit margins.
पर्याय
Price
Place
People
promotion
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उत्तर
Price determines the sales volume and the profit margins.
Explanation:
Price is a critical factor that directly affects both the sales volume and the profit margins. Setting the right price can attract customers, influence their purchasing decisions, and impact the overall profitability of a product or service. It is an essential component of the marketing mix that needs careful consideration to balance competitiveness, cost recovery, and profitability.
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संबंधित प्रश्न
It is also known as ‘going rate pricing’ or competition based pricing.
Under this Pricing Strategy, a business firm adjusts its own price policy in accordance with general pricing structure in the industry.
Selling price = Total cost per unit + Desired profit per unit is the formula to fix prices under which Pricing Strategy?
Give two conditions under which parity pricing is desirable.
Give one difference between skimming pricing and penetrating pricing.
What is Cost plus pricing policy?
What are the conditions under which parity pricing is desirable?
What pricing strategy will be used to launch a high-end smart phone?
What are various strategies used for pricing a product?
Discuss the cons of Penetrating Pricing Policy.
