The following sets upper limit of price which a buyer is prepared to pay: Option 1: Product Cost Option 2: Utility and Demand Option 3: Extent of Competition in the market Option 4: Pricing Objectives

The answer is 'Utility and Demand'. View full solution:

CUET Business Studies - The following sets upper limit of price which a buyer is prepared to pay: | PYQs + Solutions

CUET Business Studies 2026 12th May Shift 1

Business Studies

Easy

Product Cost

Utility and Demand

Extent of Competition in the market

Pricing Objectives

✅ Correct Option: 2