Advertisements
Advertisements
प्रश्न
Explain the following term/concept.
Price
Advertisements
उत्तर
The price of the product is basically the amount that a customer pays for the product. Price plays an important role in creating demand for the product. The business needs to take the utmost care to decide the price of the product. The cost of the product and willingness of the customer to pay for the product plays an important role in pricing the product. The too-high prices may affect the demand for the product and pricing too low may affect the profitability of the business. While deciding the prices, the value and utility of the product to its customers are to be considered.
APPEARS IN
संबंधित प्रश्न
What is meant by the term place in the marketing mix?
Explain any four points of difference between 'Marketing' and 'Selling'.
Find the odd one.
Explain 3Ps in the marketing of services.
Explain in detail the 7Ps of Marketing.
Which of the following is a factor of marketing mix?
In order to promote the sales of the company, Mukund Limited has decided to offer consumer durable products at 0% finance. Identify the type of marketing factor being described in the above line.
Under which of the following situations is a company not likely to fix a lower price for its product?
Which of the following are considered as the pillars of marketing?
Which one of the following is not one of the Ps of marketing?
Marketing mix for products consists of ______.
Transportation, warehousing, inventory relates to ______.
The term marketing mix refers to ______.
An appropriate marketing mix is necessary to enable an enterprise to meet its goals. Elaborate.
What does the extended product concept include?
What is the primary purpose of the Promotion element in the marketing mix?
Which sub-elements are included under the Price element of the marketing mix?
