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Question
What is price in marketing mix?
What is price in marketing mix?
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Solution
Price refers to the amount that customers need to pay for purchasing the product or service offered by the business. Pricing strategy should be based on the position of the product in the market and also that of its competitors.
Also read:
- Marketing Philosophies
- MCQs on Marketing Mix
- What Is the Difference Between Selling and Marketing
- Marketing Mix
Learn about more questions and answers on business studies and various other commerce topics from our website.
Price refers to the amount that customers need to pay for purchasing the product or service offered by the business. Pricing strategy should be based on the position of the product in the market and also that of its competitors.
Also read:
- Marketing Philosophies
- MCQs on Marketing Mix
- What Is the Difference Between Selling and Marketing
- Marketing Mix
Learn about more questions and answers on business studies and various other commerce topics from our website.
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