Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Opportunity

Question:

Match List - I with List - II.

List – I Features

List – II Pricing Methods

(A) Goods sold at higher prices

(I) Variable price method

(B) Price set at a lower price initially

(II) Cost-plus pricing

(C) Price to cover the cost of producing a product + reasonable profit

(III) Skimming or Creaming

(D) Permits different rates extended to different customers for same goods

(IV) Penetration pricing

Choose the correct answer from the options given below:

Options:

(A)-(IV), (B)-(III), (C)-(II), (D)-(I)

(A)-(III), (B)-(IV), (C)-(II), (D)-(I)

(A)-(IV), (B)-(II), (C)-(III), (D)-(I)

(A)-(II), (B)-(IV), (C)-(III), (D)-(I)

Correct Answer:

(A)-(III), (B)-(IV), (C)-(II), (D)-(I)

Explanation:

The correct answer is option (2) - (A)-(III), (B)-(IV), (C)-(II), (D)-(I)