What should be considered while deciding the price of a product in self-employment?
Answer and explanation
Correct answer: Cost customer ability and fair profit
Pricing should consider both cost and customer. In exams connect pricing with cost and market.
Frequently asked questions
What is the correct answer to this question?
Cost customer ability and fair profit
Why is this the correct answer?
Pricing should consider both cost and customer. In exams connect 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: Work, careers and livelihood.