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प्रश्न
The pricing strategy involves charging according to what competitors are charging ______.
पर्याय
Going rate pricing
Cost plus pricing
Penetrating pricing
Skimming pricing
उत्तर
The pricing strategy involves charging according to what competitors are charging Going rate pricing.
Explanation:
Going rate pricing, also known as competitive pricing, involves setting the price of a product based on the prices charged by competitors. This strategy ensures that a company's prices align with the market and helps maintain competitiveness. It is commonly used in industries where products are similar and price competition is intense.
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संबंधित प्रश्न
Which pricing strategy involves charging according to their competitors?
The strategy of introducing new product in existing market is classified as ______.
Factors which do not influence price determination is ______.
Parity pricing is not relevant under the present marketing conditions. Justify either for or against by giving two reasons.
What is parity pricing?
What is skimming pricing?
Skimming pricing policy is ideal for introducing a product in the FMCG sector. Justify for or against.
State two disadvantages of Cost plus pricing policy.
Identify two desirable conditions under penetrating pricing.
What are various strategies used for pricing a product?
