Which of the Following Is Not a Consideration in Establishing

question 43

Multiple Choice

Which of the following is not a consideration in establishing the "right" price for a product or service?

• A) competition
• B) consumer demand
• C) your gut
• D) costs

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Definitions:

Entrepreneur

An individual who creates and manages a business venture with the aim of profit-making while taking on financial risk.

Business Model Canvas

A strategic management template for developing new or documenting existing business models visually.

Blocks

Obstacles or barriers that impede progress or prevent achievement of goals.

Business Concept

An idea for a business that includes basic information such as the product or service, the target market, and a unique selling proposition that differentiates it from competitors.