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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

 


Team Careers360 4th Jan, 2024
Answer (1)
Team Careers360 21st Jan, 2024

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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