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1. Give answers to the following questions: (20) i. Discuss the objectives of pricing in detail. ii. What is the difference between predatory pricing and

1. Give answers to the following questions: (20)
i. Discuss the objectives of pricing in detail.
ii. What is the difference between predatory pricing and price discrimination?
iii. How would you distinguish between collusive tendering and collusive bidding?
iv. What is the difference between fixed costs and variable costs?
v. Outline the factors that affect price determination
2. Discuss the basic methods of pricing determination in detail. (10)

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Answers to the Questions i Objectives of Pricing Pricing serves multiple objectives for businesses including Profit Maximization Setting prices to maximize profitability by achieving the optimal balan... blur-text-image

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