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
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.
Question : It involves informing the customers about the firms product and pursuing them to purchase these products. Which function of marketing is highlighted in the given statement?
Question : It involves deciding the distribution of goods and service from place of production to place of consumption. Which function of marketing is highlighted in the given statement?
Question : It refers to the amount of money customers have to pay to obtain a product. Which function of marketing is highlighted in the given statement?
Question : It includes decisions like choice of mode of transportation and other related aspects. Which function of marketing is highlighted in the given statement?
Option 3: Transportation
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.
Option 1: Gathering and analysing market information
Option 2: Product designing and development
Option 3: Packaging and labelling
Option 4: Branding
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