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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:
Skimming pricing strategy
It is also known as 'going rate pricing' or competition based pricing.
Setting a price below than that of the competition is called ______.
Factors which do not influence price determination is ______.
What is parity pricing?
Mention the advantages of cost plus pricing.
What is skimming pricing?
Skimming pricing policy is ideal for introducing a product in the FMCG sector. Justify for or against.
What is penetrating pricing?
"Penetrating pricing leads to setting a high initial price". Comment