Question : Which function of marketing is highlighted in the given statement?
Statement: It involves determination of products price.
Option 1: Gathering and analysing market information
Option 2: Price
Option 3: Packaging and labelling
Option 4: Branding

Question

Question : Which function of marketing is highlighted in the given statement?
Statement: It involves determination of products price.

Option 1: Gathering and analysing market information

Option 2: Price

Option 3: Packaging and labelling

Option 4: Branding

Team Careers360 · Accepted Answer

Correct Answer: Price

Solution : Price refers to amount of money which a customer has to pay to buy a product. Pricing involves determination of products price. It is a very crucial function of marketing as consumers are highly price sensitive and its success or failure of a product in the market.

Hence, option B is correct.

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Question : Which function of marketing is highlighted in the given statement? Statement: It involves determination of products price.Option 1: Gathering and analysing market informationOption 2: PriceOption 3: Packaging and labellingOption 4: Branding

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Question : Which function of marketing is highlighted in the given statement?
Statement: It involves determination of products price.
Option 1: Gathering and analysing market information
Option 2: Price
Option 3: Packaging and labelling
Option 4: Branding

Question : Which function of marketing is highlighted in the given statement?
Statement: It is necessary to collect and analyse market information.

Question : Which function of marketing is highlighted in the given statement?
Statement: It involves taking decisions regarding features, design, shape, size appearance, etc., about the product.

Question : Which function of marketing is highlighted in the given statement?
Statement: It refers to giving a special name to the product.

Question : Which function of marketing is highlighted in the given statement?
Statement: It should be carefully selected as it place an important role in the success of a product.

Question : Which function of marketing is highlighted in the given statement?
Statement: It is an important feature of the product as labels provide detailed information about the product its contents method of use,etc