Question : It is important factor affecting the success or failure of a product in the market. Which function of marketing is highlighted in the given statement?
Option 1: Customer support service
Option 2: Pricing of product
Option 3: Promotion
Option 4: Physical distribution
Answer (1)
16th Jan, 2024
Correct Answer: Pricing of product
Solution :
Pricing of product is a very crucial function of marketing as consumers are highly price sensitive and it affects the success or failure of a product in the market.
Hence, option B is correct.
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