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प्रश्न
"Competition based pricing is ideal for non-branded products." Comment.
उत्तर
Competition based pricing is not ideal for non-branded products as such products differ from one another and there is less competition. In case of branded products competition is intense and competition based pricing is ideal.
संबंधित प्रश्न
Explain the below mentioned pricing strategy:
Penetrating pricing strategy
It is also known as 'going rate pricing' or competition based pricing.
Markup pricing is also called as ______.
______ price refers to the high initial price charged when a new product is introduced in the market.
The main aim of penetrating pricing is to ______.
Parity pricing is not relevant under the present marketing conditions. Justify either for or against by giving two reasons.
State two disadvantages of Cost plus pricing policy.
What is penetrating pricing?
Identify two desirable conditions under penetrating pricing.
What are various strategies used for pricing a product?
