The specific amount of money the company demands from customers for its product or services is classified as?
Correct answer: A. price
- A. price
- B. tax
- C. discount
- D. value added tax
Explanation
Price is the specific amount a seller charges customers in exchange for a product or service. A tax or VAT is imposed by or for the government, while a discount reduces the listed price.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Marketing
Marketing covers how organisations identify customer needs, create value and exchange products or services through suitable markets. Key concepts include market segmentation, targeting, positioning, consumer behaviour, the marketing mix of product, price, place and promotion, branding, product life cycle and differences between marketing and selling.
Practise Marketing
1,700 free Marketing MCQs from Management Sciences, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Management Sciences questions like this
Management Sciences is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Marketing questions
The whole marketing strategy of a company should support?
The logistic network which moves the materials from suppliers to the manufacturing unit is classified as?
The market which is segmented on the basis of negative and hostile attitude toward product is considered as?
The products that are usually distributed through fewer stores but with increased customer services is called?
The price on which it is limit that no less profits would be accepted less than this price is classified as?
The customer buying behavior such as little planning before buying products is included in?