In Establishing Pricing, There Are Several Caveats That a Small

question 32

Multiple Choice

In establishing pricing, there are several caveats that a small business person should consider.Which of the following represents such caveats?

• A)Do you want to offer a quantity discount?
• B)What is the actual price charged for a product or service?
• C)How to offer an even greater value for the money charged in order to build a customer base?
• D)All of these

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Definitions:

Credit Restrictions

Refers to the limitations imposed by lenders on the amount of credit extended to borrowers to manage risk.

Flexible Policy

An adaptable approach in decision-making processes or strategies that allows for adjustments based on changing circumstances.

Production Manager

An individual responsible for overseeing the production process, coordinating all activities related to the actual production of goods or services.

Accounts Receivable Balance

The sum total of money that customers are in debt to a company for its goods or services that have been utilized but not paid for.