Setting price on the basis of the competition for the product is known as ______________.

Related MCQs

• The three major considerations in price setting are: costs set the floor price; ______________; and customers' assessment of unique features establishes the price ceiling.
• Setting price on the basis of the total cost per unit is known as ______________
• Introducing a product at low price and increasing the price once the brand succeeds is known as ______________ Pricing.
• If consumers do not demonstrate different responses to different brands within a product category, then the products are essentially commodities or generic versions and competition will probably be based on ______________.
• Executives often complain that pricing is a big headach Common mistakes include: price is not revised often enough to capitalize on market changes; price is set ______________ of the rest of the marketing mix rather than an intrinsic element of a market-positioning strategy.
• The group of elements price, product, promotion and place constitute
• ______________ pricing means assigning a low price tag for a product and providing the benefits of low-cost mass production to the customers.
• Which of the following is a method of Competition Based Pricing
• A product with the ______________ is a green product.
• ______________ refers to duplicating the brand image of one product of promote another product of the same brand.