Which of the following statement is true?

Question

Option 1: If the pricing objective of a firm is 'attaining product quality leadership', normally lower prices are charged.

Option 2: Companies use Public Regulation tools specifically designed to promote to customers only, e.g. free samples, discounts, and contests.

Option 3: If a firm decides to maximize profits in the long run, it would tend to charge maximum price for its products.

Option 4: If the pricing objective of a firm is "obtaining market share leadership, it will keep the price of its products at lower levels.

AfterBoards · Accepted Answer

The answer is 'If the pricing objective of a firm is "obtaining market share leadership, it will keep the price of its products at lower levels.'. View full solution:

CUET Business Studies 2026 20th May Shift 1 PYQs

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