In which situation will pricing be considered more balanced?
Answer and explanation
Correct answer: जब लागत, ग्राहक क्षमता और प्रतियोगी मूल्य का ध्यान रखा जाए
Balanced pricing considers the cost of providing the offering, the value customers perceive and can afford, and the prices and positioning of competitors. The entrepreneur must also consider objectives and market conditions. Setting the highest price automatically or choosing without calculation can reduce demand or fail to cover costs, so affordability and sustainability matter.
Frequently asked questions
What is the correct answer to this question?
जब लागत, ग्राहक क्षमता और प्रतियोगी मूल्य का ध्यान रखा जाए
Why is this the correct answer?
Balanced pricing considers the cost of providing the offering, the value customers perceive and can afford, and the prices and positioning of competitors. The entrepreneur must also consider objectives and market conditions. Setting the highest price automatically or choosing without calculation can reduce demand or fail to cover costs, so affordability and sustainability matter.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
