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CBSE Class 12 Business Studies 2026 All Sets Solved Paper

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Question : 4 of 21
Marks: +1, -0
One of the factors affecting price determination of a product is ‘Pricing Objectives’. Which of the following pricing objectives will result in a higher price being fixed for the product ?
Solution:  
To attain ”Product Quality Leadership,” a firm must invest heavily in RD and high-quality materials. To cover these costs and signal to customers that the product is ”premium” or the ”best in class,” the company must charge a higher price.
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