How will you justify the product cost to the prospect?

Question Posted / guest

2 Answers
5690 Views
T3 Softwares, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

How will you justify the product cost to the prospect?..

Answer / tanvi kochar

its important to understand the question first

It is how we are going to convince our customers about the price of the product that we are selling

it is quite clear that a high price i associated to products that are either high in terms of their quality or are associated with luxury.

so if we want to convince our customers as to why we have priced the product as high as ours .. we will do it by attaching some emotional and status points with the product

like for eg: Our product is among the Top most brands which will enahnce your image in the society

the brand promises a high quality and alo gives you certain guarantees which you won't get with any other brand

Is This Answer Correct ?

5 Yes

2 No

How will you justify the product cost to the prospect?..

Answer / muralikrishna.kommineni

ever business man wants the prospect,but it is depend on
the product cost.because some time the sales of product is
effected by the product cost.if the product cost is high
the sales of the product is decreased.some times it is
propotinal to the cost.some times it is indirect propotinal
to thecost.

Is This Answer Correct ?

0 Yes

3 No

Post New Answer

More Marketing Sales Interview Questions

BEING AN HUL MARKETING PERSONAL , HOW I WOULD INCREASE SALES THROUGH DEALERS ,DUE TO HEAVY COMPETITION

2 Answers Baidu,

What are the key skills that a marketing analyst should have?

0 Answers

why did you choose marketing for your currier.

4 Answers Coca Cola, Relaxo Footwear,

How do you take challenges?

0 Answers Quest,

I want to start my own Business. I want to taken C&F. Can some body guide me what is the prosess for that.

0 Answers Micro Labs, Yare Technologies,

if ur working in a supermarket what tools and techiniques will u use in data collection?how r u going to analysis the data and make inferences? how will u finally apply ur market research to improve sales and win over customers?

3 Answers Airtel, IBM, ICICI, Infosys, ITcom,

What do you think is challenging in marketing?

0 Answers

What do you understand by the term marketing?

0 Answers

What is the purpose of providing 24*7 services?

0 Answers

what is tha pop & pos materials

2 Answers Annapurna, FMCG, Jag Retail, Pepsi,

whats the differance between ABM and MR.

0 Answers CBC,

hi why have u chosen marketing in mba

3 Answers

For more Marketing Sales Interview Questions Click Here