Price Is Important to Managers ________

question 122

Multiple Choice

Price is important to managers ________.

• A) because prices cannot be changed quickly, so must be correctly determined
• B) because a small percentage improvement in price can generate a large percentage increase in profitability
• C) but other marketing mix elements create customer value and build relationships
• D) but product features can be changed more quickly
• E) but has little impact on a firm's market share

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Definitions:

Popular

Well-liked or favored by many people; often refers to individuals or things that receive a lot of attention and admiration from a wide audience.

Social Loneliness

The feeling of being isolated or alone due to a lack of meaningful connections or social interactions with others.

Quantity

The amount or number of a material or immaterial entity that can be measured.

Friendship

A personal bond or relationship between individuals characterized by mutual affection, trust, and support.