What should be considered while pricing a product?
Answer and explanation
Correct answer: लागत, ग्राहक और बाजार की स्थिति
Pricing should consider the cost of producing or obtaining the product, the amount customers are willing and able to pay, and market conditions such as competitors and demand. The price should also support the business objective. A random amount or shop colour gives no sound basis for pricing, so option A is correct.
Frequently asked questions
What is the correct answer to this question?
लागत, ग्राहक और बाजार की स्थिति
Why is this the correct answer?
Pricing should consider the cost of producing or obtaining the product, the amount customers are willing and able to pay, and market conditions such as competitors and demand. The price should also support the business objective. A random amount or shop colour gives no sound basis for pricing, so option A is correct.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: Business, Trade and Commerce.
