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What should an entrepreneur balance while setting price?

Answer and explanation

Correct answer: लागत, ग्राहक भुगतान क्षमता और प्रतिस्पर्धा

Pricing should cover relevant costs and support the venture’s objectives, while remaining acceptable to the target customer and realistic compared with competing offers. The entrepreneur should consider demand, perceived value, and market conditions as well. Personal preference, shop colour, or one friend’s opinion cannot provide a sound pricing basis.

Related tags

PricingCost-AnalysisEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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