Factors affecting pricing
Quiz by maya stanley
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7 questions
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- Q1If the product is necessity good, firm may set a _______________ price.highercompetitivelowermoderate30s
- Q2Small sized firm keep _________ price of its products.highmoderatediscountedlow30s
- Q3If the goods are to be sold in the kirana stores in smaller towns and villages, the price has to be kept ____________.lowhighdiscountedmoderate30s
- Q4A highly differentiated product will have more features and attributes, and a ____________ price than one which is less-differentiated.highermoderatelowerdiscounted30s
- Q5If a firm's objective is profit maximization in the short run then price of the goods will be set ___________.competitivehigherlowerdiscounted30s
- Q6If the cost of acquiring material and manufacturing cost of the product is low, the price of the product in the market will be __________.moderatehighcompetitivelow30s
- Q7If firm's promotional programs and advertising expenditure is huge, the product will have _________ price.moderatehighercompetitivelower30s