Question 23 of 46beginner🔧 ApplyShort Answer1 mark

What is the price range of the product/service?

Correct Answer

Students should record the price range of products or services offered. This information helps determine the target audience and influences the advertising message and medium chosen.

Exercise: Activity 5: Understanding the small business - Product/service related questions | Q: 5 | (Page Page 19)
For More Understanding

Explanation

Price range affects advertising strategy—luxury items require different approaches than budget-friendly products, and pricing helps identify the target customer segment.

Solution Steps

  1. Record the price range of products or services offered

  2. Use price range information to determine the target audience

  3. Price range influences the advertising message and medium chosen

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