Q.Identify the possible consumer reference prices for the following scenario

The given scenarios must accomplish the given consumer reference prices which might be,

Fair price

Typical price

Last price paid

Upper bound price

Lower bound price

Competitor prices

Expected future price

Usual discounted price

scenarios,

A. Books are available at 25% discount at most of the shops in Urdu Bazaar. Usual disc P

B. I think buyers will not pay more than Rs. 100/ kg of Sindhri Mango. Upper bound

C. Most consumer will pay Rs. 90/ kg of Sindhri Mango. Lower bound

D. The price of mango by my next cart seller is Rs. 110/kg. Competitor

E. The price of Petrol is further going to decline due to global pandemic.

F. What consumer feels the product should cost. "Fair price"

G. What the product usually costs. Typical price

H. What was the last price of this product? Can you tell me? Brother asked his sister.

answers,

Sr No Answer

A

B

C

D

E

F

G

H