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Home Questions 3UNKRXPD9D
Target Exam

CUET

Subject

Business Studies

Chapter

Marketing

Question:
Which of the following factor affects the determination of price of a product?
Options:
Product cost
Order processing time
Extent of competition in the market
Both 1 and 3
Correct Answer:
Both 1 and 3
Explanation:
The factors affecting price determination are
(i) Product Cost (ii) The Utility and Demand (iii) Competition (iv) Government and Legal Regulations and v) Marketing Methods Used.

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