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Management Short Question | Gkseries

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when-the-companies-pay-less-attention-to-its-own-costs-or-demands-and-bases-its-price-largely-on-competitors-prices-then-it-is-known-as

Question

When the Companies pay less attention to its own costs or demands and bases its price largely on competitors’ prices, then it is known as

A Value Pricing

B Going rate pricing

C Image pricing

D Psychological pricing

Answer & Explanation
Answer: Going rate pricing

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