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  5. Marketing

12th Class Business Studies Marketing Question Bank Passage Bassed Questions

  • question_answer
    “…… the company will spend on advertising sales promotion efforts packaging product differentiation credit facility and consumer services. This will give the company competitive freedom in fixing the price of its products……” Identify the factor affecting one of the elements of marketing mix discussed above.

    A) Product

    B) Extent of competition

    C) Utility and demand

    D) Marketing methods used

    Correct Answer: B

    Solution :

    [b] If the firm does not face competition, it can enjoy complete freedom in fixing its price.


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