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The statement says fair price should always be below cost. According to social objective what is correct?

Answer and explanation

Correct answer: Wrong because fair price considers customer welfare and organisational survival

Fair price means just price not always below cost. In exams see both customer welfare and survival.

Related tags

Fair PriceSocial ObjectiveSurvivalObjectives Of ManagementNature And Significance Of ManagementBusiness StudiesClass 12 Mcq

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