With Profit-Oriented Approaches to Pricing,a Price Setter May Choose to Balance

question 309

Multiple Choice

With profit-oriented approaches to pricing,a price setter may choose to balance both _________ and _________ to set price.

• A)revenue; profit
• B)tangible goods; service
• C)cost; revenue
• D)demand; supply
• E)cost; demand

Comprehend tire pressure monitoring systems and their regulatory requirements.

Gain knowledge on vehicle instrumentation customization and maintenance techniques.

Understand the basic principles of electrical testing and diagnostics in vehicle systems.

Learn about the operational principles of vehicle electronic devices and their components.

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Definitions:

Insured

A person or entity covered by an insurance policy, protecting against loss or damage from specific risks or incidents.

Insurance Agent

A professional who sells, solicits, or negotiates insurance policies on behalf of an insurance company or individual.

Loss Occurs

Refers to the moment when a financial loss happens due to an insured event.

Insurable Interest

A requirement that a person seeking to purchase insurance has a sufficient stake in the safety or preservation of the insured item or individual to obtain insurance coverage.