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Understanding the Market — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipUnderstanding the Market3 Marks
Question
State the different methods used for pricing.
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Answer

Some methods and policies which are individually and collectively used in pricing decisions are as follows:
  1. Cost-plus pricing method.
  2. Variable pricing method.
  3. Base pricing and discount method.
  4. Market pricing method.
  5. Skimming pricing method.
  6. Penetrating pricing method.

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