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प्रश्न
The pricing strategy involves charging according to what competitors are charging ______.
पर्याय
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
Explain the below mentioned pricing strategy:
Penetrating pricing strategy
The strategy of introducing new product in existing market is classified as ______.
______ price refers to the high initial price charged when a new product is introduced in the market.
______ is the most common method used for pricing.
The main aim of penetrating pricing is to ______.
Which pricing strategy will be used to launch a high end auto motors?
Skimming pricing policy is ideal for introducing a product in the FMCG sector. Justify for or against.
What is Cost plus pricing policy?
What are the conditions under which parity pricing is desirable?
Discuss the cons of Penetrating Pricing Policy.
