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Subjects
Class 11Home ScienceWork, Livelihood and CareerEntrepreneurship: definition and characteristicsEasyLevel 48

Correct pricing in business should be based on what?

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Answer and explanation

Correct answer: Cost and market understanding

While deciding price cost and customer capacity should be understood. Exam tip: link pricing with cost and market.

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home-scienceentrepreneurshippricing

Frequently asked questions

What is the correct answer to this question?

Cost and market understanding

Why is this the correct answer?

While deciding price cost and customer capacity should be understood. Exam tip: link pricing with cost and market.

Which subject and chapter does this question cover?

This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Entrepreneurship: definition and characteristics.

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