1. Think of a product that you ought to sell as an entrepreneur/ businessman in the future. Describe the product. 2. How much price do you ought to charge on your product? 3. What are your reasons for your price? Justify the price of your product based on the input cost, value of the product and

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A:

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Q: What is the main reason for establishing pricing objectives? a. to give direction for price…

A: Option A

Q: What are the advantages of everyday low prices (EDLPs)?

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A: Answer: b. It ensures that the business covers all product costs and earns a profit.

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A: The answer to this question is False.

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A: As per the given question demand, we can take the reference of any recent auto vehicle print ads or…

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Q: suppose that a $12 per unit tax is placed on buyers. The share of the tax borne by sellers will be?

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Q: What will it result in STEPS IN SETTING THE RIGHT PRICE ON A PRODUCT?

A: The strategies linked with setting the prices for a company's offering are called pricing…

Interactive marketing

Interactive marketing is a two-way interaction between company and consumer. This type of marketing allows consumers to take an active role in the marketing process, providing feedback and input which can help shape the final product or service. In addition, interactive marketing can help build strong relationships between companies and consumers.