Business Studies

Marketing

Medium

Identify the correct sequence of factors affecting Price Determination from the following.

(a) Product cost

(b) Environmental factors

(c) The Utility and Demand

(d) Company Characteristics

(e) The Extent of competition in the market

Choose the most appropriate answer from the options given below :

(a), (b) and (c) only

(a) and (c) only

(a), (d) and (c) only

(a), (c) and (e) only

✅ Correct Option: 4

Per NCERT, the main factors affecting price determination are product cost, utility and demand, extent of competition in the market, government and legal regulations, pricing objectives, and marketing methods used. Among the given items, (a), (c), and (e) are directly listed factors.

2022: 20 Aug Shift 1

_______ is an impersonal form of communication which is paid for by the marketers to promote goods or services.

2025: 24 May Shift 1

When the demand of a product is inelastic, the firm is in a better position to fix:

2022: 17 Aug Shift 1

Plastic packet for socks, a toothpaste tube, a match box, jar of mixed pickle are the examples of which type of packaging?

2025: 22 May Shift 2

The concept of marketing is based on the pillars arranged in the following sequence:

(A) Satisfying the needs of the target market better than the competitors

(B) Understanding the needs and wants of customers in the target market.

(D) Development of products or services for satisfying the needs of the target market.

Choose the correct answer from the options given below:

2023: 11 June Shift 3

Match List - I with List - II.

List - I	List - II
(A) Personal selling	(I) Impersonal form of communication paid for by the marketers
(B) Public Relations	(II) Short term incentives for increasing sale
(C) Advertising	(III) Promote or protect a company's image
(D) Sales promotion	(IV) Oral presentation of message with customers for making sales

Choose the correct answer from the options given below :

2026: 23 May Shift 2

Match the LIST-I with LIST-II

LIST-I (Classification of Products)	LIST-II (Explanation)
A. Convenience Products	I. Which normally survive many uses
B. Shopping Products	II. People make special efforts in their purchase
C. Speciality Products	III. On which buyers devote considerable time
D. Durable Products	IV. Which are purchased frequently

Choose the correct answer from the options given below:

Identify the correct sequence of factors affecting Price Determination from the following. (a) Product cost (b) Environmental factors (c) The Utility and Demand (d) Company Characteristics (e) The Extent of competition in the market Choose the most appropriate answer from the options given below :

Solution

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CUET Business Studies Past Year Questions (Topic-Wise)