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Questions and Answers
Why are prices of packed products higher than loose products?
Why are prices of packed products higher than loose products?
- Packed products have higher taxes
- Packed products have packaging charges (correct)
- Packed products have higher demand
- Packed products have better quality
Which type of market generally has lower prices for the same product?
Which type of market generally has lower prices for the same product?
- Online markets
- Specialty markets
- Retail markets
- Wholesale markets (correct)
Why would a seller sell a product at a price lower than the MRP?
Why would a seller sell a product at a price lower than the MRP?
- To compete with other sellers
- To increase the commission
- To attract consumers and make them regular (correct)
- To maximize profit
What does MRP stand for?
What does MRP stand for?
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What is the purpose of Consumer Education?
What is the purpose of Consumer Education?
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