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Which of the following is not concerned with the ?Price??
  • a)
    Advertising
  • b)
    Discounts
  • c)
    List price
  • d)
    Margins
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
Which of the following is not concerned with the ?Price??a)Advertising...
Advertising is the action of calling public attention to an idea, good, or service through paid announcements by an identified sponsor.
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Most Upvoted Answer
Which of the following is not concerned with the ?Price??a)Advertising...
Explanation:
The question asks which of the following is not concerned with the "Price." Let's analyze each option:
A: Advertising: Advertising is concerned with promoting a product or service and creating awareness among consumers. While price can be a factor mentioned in advertising, it is not the primary focus. Advertising primarily focuses on the features, benefits, and unique selling points of a product or service.
B: Discounts: Discounts are directly related to price as they involve reducing the cost of a product or service. Offering discounts can attract customers and encourage them to make a purchase.
C: List price: List price refers to the original price set by the manufacturer or seller before any discounts or negotiations. It is directly related to the price of a product or service.
D: Margins: Margins refer to the difference between the cost price and the selling price. It is a crucial aspect of pricing as it determines the profit margin for a business. Margins are directly related to the price of a product or service.
Therefore, the option that is not concerned with the "Price" is A: Advertising. While advertising may mention price, it is not the primary focus and is not directly concerned with setting the price of a product or service.
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Community Answer
Which of the following is not concerned with the ?Price??a)Advertising...
I think non of these as advertisement effecta te price ut increases its cost

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Direction: Read the following passage and answer the question that follows:The slope of a total revenue curve is particularly important. It equals the change in the vertical axis (total revenu e) divided by the change in the horizontal axis (quantity) between any two points. The slope measures the rate at which total revenue increases as output increases. We can think of it as the increase in total revenue associated with a 1-unit increase in output. The increase in total revenue from a 1-unit increase in quantity is marginal revenue. Thus marginal revenue (MR) equals the slope of the total revenue curve.How much additional revenue does a radish producer gain from selling one more pound of radishes? The answer, of course, is the market price for 1 pound. Marginal revenue equals the market price. Because the market price is not affected by the output choice of a single firm, the marginal revenue the firm gains by producing one more unit is always the market price. The marginal revenue curve shows the relationship between marginal revenue and the quantity a firm produces. For a perfectly competitive firm, the marginal revenue curve is a horizontal line at the market price. If the market price of a pound of radishes is $0.40, then the marginal revenue is $0.40. Marginal revenue curves for prices of $0.20, $0.40, and $0.60. In perfect competition, a firm’s marginal revenue curve is a horizontal line at the market price.Price also equals average revenue, which is total revenue divided by quantity. To obtain average revenue (AR), we divide total revenue by quantity, Q. Because total revenue equals price (P) times quantity (Q), dividing by quantity leaves us with price.Q. The marginal revenue curve shows the relationship between ..................... and ......................

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Which of the following is not concerned with the ?Price??a)Advertisingb)Discountsc)List priced)MarginsCorrect answer is option 'A'. Can you explain this answer?
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