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Factors affecting pricing

Quiz by maya stanley

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7 questions
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  • Q1
    If the product is necessity good, firm may set a _______________ price.
    higher
    competitive
    lower
    moderate
    30s
  • Q2
    Small sized firm keep _________ price of its products.
    high
    moderate
    discounted
    low
    30s
  • Q3
    If the goods are to be sold in the kirana stores in smaller towns and villages, the price has to be kept ____________.
    low
    high
    discounted
    moderate
    30s
  • Q4
    A highly differentiated product will have more features and attributes, and a ____________ price than one which is less-differentiated.
    higher
    moderate
    lower
    discounted
    30s
  • Q5
    If a firm's objective is profit maximization in the short run then price of the goods will be set ___________.
    competitive
    higher
    lower
    discounted
    30s
  • Q6
    If the cost of acquiring material and manufacturing cost of the product is low, the price of the product in the market will be __________.
    moderate
    high
    competitive
    low
    30s
  • Q7
    If firm's promotional programs and advertising expenditure is huge, the product will have _________ price.
    moderate
    higher
    competitive
    lower
    30s

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