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'Product cost' as a factor affecting price determination of a product includes ______. - Business Studies

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प्रश्न

'Product cost' as a factor affecting price determination of a product includes ______. 

पर्याय

  • cost of producing, distributing and selling the product.

  • utility provided by the product.

  • nature and degree of competition.

  • maximizing profit in the short run.

MCQ
रिकाम्या जागा भरा

उत्तर

'Product cost' as a factor affecting price determination of a product includes cost of producing, distributing and selling the product.

Explanation:

Cost is one of the most significant factors influencing a product or service's price. This covers the price of making, shipping, and retailing the item.

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2021-2022 (December) Term 1
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