Three General Bases Used for Pricing in a Small Business

question 23

Multiple Choice

Three general bases used for pricing in a small business are:

• A) supply chain, cost, and hours of operation.
• B) packaging, location, and demand.
• C) ease of use, special features, and demographics.
• D) cost, demand, and competition.

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Definitions:

Adults Learn Online

The process by which individuals over the age of adulthood engage in learning activities via internet-based platforms or resources.

Ideation

The creative process of generating, developing, and communicating new ideas.

Wild Ideas

Innovative or unconventional thoughts that diverge from the norm or standard ways of thinking.

Brainstorming Sessions

Collaborative group meetings focused on generating ideas and solutions around a specific topic or problem, emphasizing creativity and quantity of ideas.