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प्रश्न
Explain the following functions of marketing:
Pricing of products
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उत्तर
Pricing of products: It refers to the amount of money which the customer has to pay to obtain a product. Price is an important factor affecting the success or failure of a product in the market. The demand for a product or service is related to its price. Generally, Lower the price, higher would be the demand for the product and vice versa.
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