Question

In the five C's, how is cost different from price?

Answer 1

Answer:

D It includes all of the costs related to the product.

Explanation:

The five C's that we have are

1. compatibility: What is the relationship between the product and other products in the market , are they alike

2. Competition: what are the various compe

3. Cost: THis has to do with the monetary value in manufacturing a product, price is the the monetary value a customer is willing to pay for that product

4. Channels of distribution: Ways of selling the product

5, Clients: These are end users of the products

so  the answer will be

D It includes all of the costs related to the product.

Answer 2

There are five C's while the product is priced.

1. Cost - While pricing the product, the product price should include all the cost related to the product that is marketing, selling and distribution and other cost.

2. Customers - Whether the customer will be able to pay the price and is the best judge.

3. Channels of distribution - Through which mode it will reach its customers

4. Competition - which are the competitors in the market and at what price the product is sold by them.

5. Compatibility - Pricing is to be done on the basis of how much the product is compatible with its supplement products.

The correct answer is D which says that the Cost includes all the cost related to the products.