One Mistake That Entrepreneurs Make Is to Set Their Prices

question 10

Multiple Choice

One mistake that entrepreneurs make is to set their prices so that they cover ____ costs plus a margin the entrepreneur is expecting to achieve. ​

• A)inventory
• B)total
• C)marginal
• D)variable
• E)All of these choices

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Definitions:

Corporate Customers

Businesses or organizations that purchase a company's products or services, often in bulk or on a contractual basis.

Luxury Food

High-quality, often expensive food items that are considered rare or indulgent, typically consumed as a sign of wealth or for special occasions.

Net 30

A payment term indicating that the full payment is due 30 days from the invoice date or delivery of service/product.

Invoice

A document issued by a seller to a buyer that lists the products or services provided and the amount due for payment.