Question

Identify the factor, which does not affect the pricing of a product.

• A. Cost of product and its Utility
• B. Pricing of product and Extent of competition
• C. Cost of product and Marketing method used
• D. Marketing method used and Pricing objective

Hint:

When pricing a product, focus on direct factors such as cost and utility. Marketing methods and objectives, while important, do not directly influence the product's intrinsic pricing.

Answer 1

The Correct Option is D

The marketing method used and pricing objective do not directly affect the cost of the product or its utility. However, the cost of the product, its utility, and the extent of competition all play an essential role in determining its price.