state the methods of price fixationmethods of
State the Methods of price fixation
Methods of fixing price can be broadly divided into the subsequent categories.
1. Cost based pricing
2. Competition based pricing
3. Demand based pricing
4. Objective based pricing
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determine about the competition- pricing decisionsprice charged by the competitor for similar product is a significant determinant of price a
what are the marketing objectives - pricing decisions a firm may have different marketing objectives like maximisation of profit maximisation of
state the government regulation - pricing decisions prices of some basic products are regulated by government under the essential commodities act for
name the factors affecting pricing decisionsa costb demandc competitiond marketing objectivese government
state the methods of price fixationmethods of fixing price can be broadly divided into the subsequent categories1 cost based pricing2 competition
determine the cost based pricingunder this method price of product is fixed by adding the amount of desired profit margin to the cost of product if a
what is competition based pricingin case of products where market is highly competitive and there is negligible difference in quality of competing
illustrate about the demand based pricingat times prices are determined by the demand for product under this method without paying much attention to
enumerate about the objective based pricingthis method is applicable to introduction of new innovative products if at introductory stage of the
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