Question : Which of the following statement is incorrect?
Option 1: Product cost is the factor affecting choice of channels
Option 2: Market factors are the factors affecting choice of channels
Option 3: Competitive factors are the factors affecting choice of channels.
Option 4: None of the above
Correct Answer: Product cost is the factor affecting choice of channels
Solution : Product cost is the factor affecting choice of channels The cost of production is the important factor in product pricing. It involves the total cost of producing disturbing and selling the product. Market factors and competitive factors are the factors affecting choice of channels.
Hence, option A is correct.
Option 1: Product cost is the factor affecting price determination.
Option 2: Extent of competition in the market is the factor affecting price determination
Option 3: Company characteristics is the factor affecting price determination.
Question : Size of market and geographical concentration comes under which factor determining choice of channels?
Option 1: Product related factors
Option 2: Company characteristics
Option 3: Market factors
Question : Nature of a product,unit value of product ,degree of complexity comes under which factor determining choice of channels?
Question : Financial strength and degree of control desired comes under which factor determining choice of channels?
Question : Which factor affecting price determination is highlighted in the given statement? Statement: Government can declared a product a essential product and regulate its price.
Option 1: Product cost
Option 2: Utility and demand of the product
Option 3: Extent of competition in the market
Option 4: Government and legal regulations
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