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Answer the following questions based on case study.


Case Study


After completing his graduation in Ayurveda Science, Mohan started his business in the field of Ayurvedic products. He started his venture with full confidence and energy. He wanted to get leading position in the market so he started putting in lot of efforts to achieve it. In this regard, he collected and analyzed the required information from the market. He made the marketing planning for his products through gathered information in which he came to know that consumer compare the prices of the product with its value for them. He reached on this conclusion that the consumers will buy his product if they find that the value of product is at least equal to the value of money which they would pay. Since he started a new setup, he realized that he may not be able to survive in the market in long term. He knew that covering the cost of the product is not easy at the initial stage. So he examined the quality features and prices of his products with other competitors in the market. After this rigorous analysis he decided to add some unique features such as advertising smart packaging, free home delivery, etc. in his Ayurvedic products so that it could be easily sold into the market and achieve the target. In the above passage, the factor of price were discussed.


Q. The consumer will be ready to buy a product when find or feel that the value of the product is at least equal to the value of money which they would pay for it. Identify the correct factors of price in the given situation.

  • a)
    Pricing objectives

  • b)
    Extent of competition in the market

  • c)
    The utility and demand

  • d)
    Government and legal regulations

Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Answer the following questions based on case study. Case StudyAfter co...
The correct factor of price in the given situation is: B: The utility and demand


In the case study, Mohan realized that consumers will buy his product if they find that the value of the product is at least equal to the value of money which they would pay. This means that the consumers are comparing the utility they will get from the product with the price they have to pay for it. This is directly related to the utility and demand factor of pricing. Here are some points to consider:
  • Utility: The consumer is willing to buy a product if it provides them with the desired utility or satisfaction. Mohan understood this and added unique features to his products to increase their utility.
  • Demand: The willingness of the consumers to buy a product is directly influenced by the utility they perceive from it. When the perceived utility is equal to or greater than the price, consumers are more likely to buy the product. Mohan's decision to add unique features and services to his Ayurvedic products was aimed at increasing their demand in the market.
In conclusion, the factor of price discussed in this case study is related to the utility and demand of the product. Mohan made efforts to enhance the perceived value of his products by adding unique features and services, making them more appealing to consumers and increasing their demand in the market.
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Answer the following questions based on case study. Case StudyAfter co...
Extent of competition in the market
The factor of price in the given situation is related to the extent of competition in the market. This means that Mohan needs to consider the pricing strategies of his competitors in order to determine the value of his product. By analyzing the prices set by other Ayurvedic product manufacturers, Mohan can understand the market dynamics and position his products accordingly.

Importance of competition
Understanding the extent of competition in the market is crucial for Mohan as it helps him in setting competitive prices for his Ayurvedic products. By knowing what prices his competitors are offering, Mohan can make informed decisions about the pricing of his own products. This will also help him in attracting customers who are price-sensitive and looking for value for money.

Competitive pricing strategy
By analyzing the competition in the market, Mohan can implement a competitive pricing strategy that takes into account the prices set by other players in the industry. This will enable him to position his products effectively and ensure that consumers perceive the value of his products to be at least equal to the value of money they would pay for it.
In conclusion, the factor of price in this situation is heavily influenced by the extent of competition in the market. By analyzing the pricing strategies of his competitors, Mohan can set competitive prices for his Ayurvedic products and attract customers who are looking for value for money.
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Answer the following questions based on case study. Case StudyAfter completing his graduation in Ayurveda Science, Mohan started his business in the field of Ayurvedic products. He started his venture with full confidence and energy. He wanted to get leading position in the market so he started putting in lot of efforts to achieve it. In this regard, he collected and analyzed the required information from the market. He made the marketing planning for his products through gathered information in which he came to know that consumer compare the prices of the product with its value for them. He reached on this conclusion that the consumers will buy his product if they find that the value of product is at least equal to the value of money which they would pay. Since he started a new setup, he realized that he may not be able to survive in the market in long term. He knew that covering the cost of the product is not easy at the initial stage. So he examined the quality features and prices of his products with other competitors in the market. After this rigorous analysis he decided to add some unique features such as advertising smart packaging, free home delivery, etc. in his Ayurvedic products so that it could be easily sold into the market and achieve the target. In the above passage, the factor of price were discussed.Q. The consumer will be ready to buy a product when find or feel that the value of the product is at least equal to the value of money which they would pay for it. Identify the correct factors of price in the given situation.a)Pricing objectivesb)Extent of competition in the marketc)The utility and demandd)Government and legal regulationsCorrect answer is option 'C'. Can you explain this answer?
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Answer the following questions based on case study. Case StudyAfter completing his graduation in Ayurveda Science, Mohan started his business in the field of Ayurvedic products. He started his venture with full confidence and energy. He wanted to get leading position in the market so he started putting in lot of efforts to achieve it. In this regard, he collected and analyzed the required information from the market. He made the marketing planning for his products through gathered information in which he came to know that consumer compare the prices of the product with its value for them. He reached on this conclusion that the consumers will buy his product if they find that the value of product is at least equal to the value of money which they would pay. Since he started a new setup, he realized that he may not be able to survive in the market in long term. He knew that covering the cost of the product is not easy at the initial stage. So he examined the quality features and prices of his products with other competitors in the market. After this rigorous analysis he decided to add some unique features such as advertising smart packaging, free home delivery, etc. in his Ayurvedic products so that it could be easily sold into the market and achieve the target. In the above passage, the factor of price were discussed.Q. The consumer will be ready to buy a product when find or feel that the value of the product is at least equal to the value of money which they would pay for it. Identify the correct factors of price in the given situation.a)Pricing objectivesb)Extent of competition in the marketc)The utility and demandd)Government and legal regulationsCorrect answer is option 'C'. Can you explain this answer? for Humanities/Arts 2025 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about Answer the following questions based on case study. Case StudyAfter completing his graduation in Ayurveda Science, Mohan started his business in the field of Ayurvedic products. He started his venture with full confidence and energy. He wanted to get leading position in the market so he started putting in lot of efforts to achieve it. In this regard, he collected and analyzed the required information from the market. He made the marketing planning for his products through gathered information in which he came to know that consumer compare the prices of the product with its value for them. He reached on this conclusion that the consumers will buy his product if they find that the value of product is at least equal to the value of money which they would pay. Since he started a new setup, he realized that he may not be able to survive in the market in long term. He knew that covering the cost of the product is not easy at the initial stage. So he examined the quality features and prices of his products with other competitors in the market. After this rigorous analysis he decided to add some unique features such as advertising smart packaging, free home delivery, etc. in his Ayurvedic products so that it could be easily sold into the market and achieve the target. In the above passage, the factor of price were discussed.Q. The consumer will be ready to buy a product when find or feel that the value of the product is at least equal to the value of money which they would pay for it. Identify the correct factors of price in the given situation.a)Pricing objectivesb)Extent of competition in the marketc)The utility and demandd)Government and legal regulationsCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Answer the following questions based on case study. Case StudyAfter completing his graduation in Ayurveda Science, Mohan started his business in the field of Ayurvedic products. He started his venture with full confidence and energy. He wanted to get leading position in the market so he started putting in lot of efforts to achieve it. In this regard, he collected and analyzed the required information from the market. He made the marketing planning for his products through gathered information in which he came to know that consumer compare the prices of the product with its value for them. He reached on this conclusion that the consumers will buy his product if they find that the value of product is at least equal to the value of money which they would pay. Since he started a new setup, he realized that he may not be able to survive in the market in long term. He knew that covering the cost of the product is not easy at the initial stage. So he examined the quality features and prices of his products with other competitors in the market. After this rigorous analysis he decided to add some unique features such as advertising smart packaging, free home delivery, etc. in his Ayurvedic products so that it could be easily sold into the market and achieve the target. In the above passage, the factor of price were discussed.Q. The consumer will be ready to buy a product when find or feel that the value of the product is at least equal to the value of money which they would pay for it. Identify the correct factors of price in the given situation.a)Pricing objectivesb)Extent of competition in the marketc)The utility and demandd)Government and legal regulationsCorrect answer is option 'C'. Can you explain this answer?.
Solutions for Answer the following questions based on case study. Case StudyAfter completing his graduation in Ayurveda Science, Mohan started his business in the field of Ayurvedic products. He started his venture with full confidence and energy. He wanted to get leading position in the market so he started putting in lot of efforts to achieve it. In this regard, he collected and analyzed the required information from the market. He made the marketing planning for his products through gathered information in which he came to know that consumer compare the prices of the product with its value for them. He reached on this conclusion that the consumers will buy his product if they find that the value of product is at least equal to the value of money which they would pay. Since he started a new setup, he realized that he may not be able to survive in the market in long term. He knew that covering the cost of the product is not easy at the initial stage. So he examined the quality features and prices of his products with other competitors in the market. After this rigorous analysis he decided to add some unique features such as advertising smart packaging, free home delivery, etc. in his Ayurvedic products so that it could be easily sold into the market and achieve the target. In the above passage, the factor of price were discussed.Q. The consumer will be ready to buy a product when find or feel that the value of the product is at least equal to the value of money which they would pay for it. Identify the correct factors of price in the given situation.a)Pricing objectivesb)Extent of competition in the marketc)The utility and demandd)Government and legal regulationsCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Humanities/Arts. Download more important topics, notes, lectures and mock test series for Humanities/Arts Exam by signing up for free.
Here you can find the meaning of Answer the following questions based on case study. Case StudyAfter completing his graduation in Ayurveda Science, Mohan started his business in the field of Ayurvedic products. He started his venture with full confidence and energy. He wanted to get leading position in the market so he started putting in lot of efforts to achieve it. In this regard, he collected and analyzed the required information from the market. He made the marketing planning for his products through gathered information in which he came to know that consumer compare the prices of the product with its value for them. He reached on this conclusion that the consumers will buy his product if they find that the value of product is at least equal to the value of money which they would pay. Since he started a new setup, he realized that he may not be able to survive in the market in long term. He knew that covering the cost of the product is not easy at the initial stage. So he examined the quality features and prices of his products with other competitors in the market. After this rigorous analysis he decided to add some unique features such as advertising smart packaging, free home delivery, etc. in his Ayurvedic products so that it could be easily sold into the market and achieve the target. In the above passage, the factor of price were discussed.Q. The consumer will be ready to buy a product when find or feel that the value of the product is at least equal to the value of money which they would pay for it. Identify the correct factors of price in the given situation.a)Pricing objectivesb)Extent of competition in the marketc)The utility and demandd)Government and legal regulationsCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Answer the following questions based on case study. Case StudyAfter completing his graduation in Ayurveda Science, Mohan started his business in the field of Ayurvedic products. He started his venture with full confidence and energy. He wanted to get leading position in the market so he started putting in lot of efforts to achieve it. In this regard, he collected and analyzed the required information from the market. He made the marketing planning for his products through gathered information in which he came to know that consumer compare the prices of the product with its value for them. He reached on this conclusion that the consumers will buy his product if they find that the value of product is at least equal to the value of money which they would pay. Since he started a new setup, he realized that he may not be able to survive in the market in long term. He knew that covering the cost of the product is not easy at the initial stage. So he examined the quality features and prices of his products with other competitors in the market. After this rigorous analysis he decided to add some unique features such as advertising smart packaging, free home delivery, etc. in his Ayurvedic products so that it could be easily sold into the market and achieve the target. In the above passage, the factor of price were discussed.Q. The consumer will be ready to buy a product when find or feel that the value of the product is at least equal to the value of money which they would pay for it. Identify the correct factors of price in the given situation.a)Pricing objectivesb)Extent of competition in the marketc)The utility and demandd)Government and legal regulationsCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Answer the following questions based on case study. Case StudyAfter completing his graduation in Ayurveda Science, Mohan started his business in the field of Ayurvedic products. He started his venture with full confidence and energy. He wanted to get leading position in the market so he started putting in lot of efforts to achieve it. In this regard, he collected and analyzed the required information from the market. He made the marketing planning for his products through gathered information in which he came to know that consumer compare the prices of the product with its value for them. He reached on this conclusion that the consumers will buy his product if they find that the value of product is at least equal to the value of money which they would pay. Since he started a new setup, he realized that he may not be able to survive in the market in long term. He knew that covering the cost of the product is not easy at the initial stage. So he examined the quality features and prices of his products with other competitors in the market. After this rigorous analysis he decided to add some unique features such as advertising smart packaging, free home delivery, etc. in his Ayurvedic products so that it could be easily sold into the market and achieve the target. In the above passage, the factor of price were discussed.Q. The consumer will be ready to buy a product when find or feel that the value of the product is at least equal to the value of money which they would pay for it. Identify the correct factors of price in the given situation.a)Pricing objectivesb)Extent of competition in the marketc)The utility and demandd)Government and legal regulationsCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Answer the following questions based on case study. Case StudyAfter completing his graduation in Ayurveda Science, Mohan started his business in the field of Ayurvedic products. He started his venture with full confidence and energy. He wanted to get leading position in the market so he started putting in lot of efforts to achieve it. In this regard, he collected and analyzed the required information from the market. He made the marketing planning for his products through gathered information in which he came to know that consumer compare the prices of the product with its value for them. He reached on this conclusion that the consumers will buy his product if they find that the value of product is at least equal to the value of money which they would pay. Since he started a new setup, he realized that he may not be able to survive in the market in long term. He knew that covering the cost of the product is not easy at the initial stage. So he examined the quality features and prices of his products with other competitors in the market. After this rigorous analysis he decided to add some unique features such as advertising smart packaging, free home delivery, etc. in his Ayurvedic products so that it could be easily sold into the market and achieve the target. In the above passage, the factor of price were discussed.Q. The consumer will be ready to buy a product when find or feel that the value of the product is at least equal to the value of money which they would pay for it. Identify the correct factors of price in the given situation.a)Pricing objectivesb)Extent of competition in the marketc)The utility and demandd)Government and legal regulationsCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Answer the following questions based on case study. Case StudyAfter completing his graduation in Ayurveda Science, Mohan started his business in the field of Ayurvedic products. He started his venture with full confidence and energy. He wanted to get leading position in the market so he started putting in lot of efforts to achieve it. In this regard, he collected and analyzed the required information from the market. He made the marketing planning for his products through gathered information in which he came to know that consumer compare the prices of the product with its value for them. He reached on this conclusion that the consumers will buy his product if they find that the value of product is at least equal to the value of money which they would pay. Since he started a new setup, he realized that he may not be able to survive in the market in long term. He knew that covering the cost of the product is not easy at the initial stage. So he examined the quality features and prices of his products with other competitors in the market. After this rigorous analysis he decided to add some unique features such as advertising smart packaging, free home delivery, etc. in his Ayurvedic products so that it could be easily sold into the market and achieve the target. In the above passage, the factor of price were discussed.Q. The consumer will be ready to buy a product when find or feel that the value of the product is at least equal to the value of money which they would pay for it. Identify the correct factors of price in the given situation.a)Pricing objectivesb)Extent of competition in the marketc)The utility and demandd)Government and legal regulationsCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice Humanities/Arts tests.
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