Which factor combination is most useful when setting a price for a small enterprise?
Answer and explanation
Correct answer: लागत, ग्राहक की भुगतान-क्षमता और प्रतियोगिता का संतुलन
A workable price must at least consider the cost of producing and delivering the offering, what target customers can reasonably pay, and the prices and value offered by competitors. The entrepreneur may also consider demand and business objectives. The owner's mood or an arbitrary highest price ignores evidence, while an unplanned discount may create losses. Therefore, option A is the balanced approach.
Frequently asked questions
What is the correct answer to this question?
लागत, ग्राहक की भुगतान-क्षमता और प्रतियोगिता का संतुलन
Why is this the correct answer?
A workable price must at least consider the cost of producing and delivering the offering, what target customers can reasonably pay, and the prices and value offered by competitors. The entrepreneur may also consider demand and business objectives. The owner's mood or an arbitrary highest price ignores evidence, while an unplanned discount may create losses. Therefore, option A is the balanced approach.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
