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:

Unemployment Rate

The segment of the labor force that is currently jobless and engaging in job-seeking activities.

Deflation

A decrease in the general price level of goods and services, often indicating a contraction in the amount of money and credit in the economy.

Average Price Level

A general measure of price changes across the economy, indicating the cost of purchasing a typical basket of goods and services.

Unemployment Rate

The segment of the workforce that is out of work and actively pursuing job opportunities.