Under which of the following situations is a company not likely to fix a lower price for its product?

R

Ram Sharma • 193.88K Points
Coach

Q. Under which of the following situations is a company not likely to fix a lower price for its product?

(A) When the competition has introduced a substitute product
(B) If the demand for a product is inelastic
(C) When the company wants to attain market share leadership
(D) When the demand for the product is low

Correct Answer - Option (B)

Share

Discusssion

Login to discuss.

Related MCQs

Q. The capital market consists of
Q. It refers to the number of subordinates that can be effectively managed by a superior,
Q. Which of the following statements is true with respect to controlling function?
Q. Which of the following statements is not true with reference to planning?
Q. Under which of the following conditions is a marketer not likely to fix the price of his products at
Q. The principles of management do not provide readymade straight jacket solutions to all management pr
Q. Identify the component of branding being depicted below.
Q. Uranus Limited is a company dealing in metal products. The work is mainly divided into functions inc
Q. As a result of major government initiatives, more and more people are going ‘green’. In order to
Q. In order to promote the habit of health and hygiene among weaker sections of the society, Abhyas Lim