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प्रश्न
Explain the following term/concept in detail.
Pricing of Product
उत्तर
Pricing is one of the most important as well as challenging functions of marketing. Many times price of the product decides the success or failure of the product. Pricing plays an important role in the market where there is cutthroat competition. While determining the price of the product businessman needs to consider factors like cost, desired profit, price of the competitor's product, demand for the product, market condition, etc. Business needs to change prices as per the need of the market. If prices are too high, it might lose customers but if prices are too low, it might suffer losses. So deciding the right price needs extensive market research.
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संबंधित प्रश्न
Write a word/term/phrase for the following sentence.
Giving of distinct name to one's product.
______ is a slip which is found on the product and provides all the information regarding the product and its producer.
What do you mean by Branding?
Correct the underlined word and rewrite the following sentence.
Pricing bridges the time gap between the production and sale of goods.
Correct the underlined word and rewrite the following sentence
Branding is the process of classification of products according to similar characteristics and/ or quality.
Arrange in proper order.
Grading, Market planning, Distribution
Explain the following term/concept.
Packaging
Explain the following term/concept.
Labeling
Justify the following statement.
There is a need for branding to get recognition among consumers.
Explain standardization.
Explain grading.
Give one word or phrase or a term which can substitute the following.
A process of giving special identity in the market for product.
_____________ is set of activities which is concerned with efficient movement of finished goods from place of production to place of consumption.
What do you mean by grading?
Who is supreme in the Market?
What is meant by Grading?
Define Product.
