(English Medium) ICSE Class 10 - CISCE Question Bank Solutions for Commercial Applications

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?

Factors which do not influence price determination is ______.

The main aim of penetrating pricing is to ______.

______ determines the sales volume and the profit margins.

The pricing strategy involves charging according to what competitors are charging ______.

Which pricing strategy will be used to launch a high end auto motors?

Parity pricing is not relevant under the present marketing conditions. Justify either for or against by giving two reasons.

What is parity pricing?

Give two conditions under which parity pricing is desirable.

Mention the advantages of cost plus pricing.

"Competition based pricing is ideal for non-branded products." Comment.

Give one difference between skimming pricing and penetrating pricing.

What is skimming pricing?

Skimming pricing policy is ideal for introducing a product in the FMCG sector. Justify for or against.

In a competitive market, parity pricing is the appropriate strategy. Justify either for or against.

What is Cost plus pricing policy?

State two disadvantages of Cost plus pricing policy.

What is penetrating pricing?

Identify two desirable conditions under penetrating pricing.