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In which situation would product pricing be considered weak?

Answer and explanation

Correct answer: When price is set without considering cost, customer value, and competition

Sound pricing considers production or delivery cost, the value customers perceive, competitors’ prices, and the required profit margin. Setting a price without examining these factors is weak because it may cause losses, low demand, or an unrealistic market position. The other options describe useful pricing considerations.

Related tags

PricingCost-AnalysisEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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