The Three Primary Bases for Developing Prices Are

question 108

Multiple Choice

The three primary bases for developing prices are

• A) profit, demand, and competition.
• B) supply, demand, and marketing objectives.
• C) demand, competition, and cost.
• D) markup, cost, and cost-plus.
• E) negotiation, periodicity, and randomness.

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Definitions:

Purchase Online

The act of buying goods or services over the internet, often through e-commerce platforms and websites, using digital transactions.

B2B

Business-to-Business, a model in which businesses provide products or services to other businesses rather than to consumers.

B2C

B2C (Business-to-Consumer) describes the process of selling products and services directly from businesses to the end-users or consumers.

Volume

The amount of space that a substance or object occupies, or that is enclosed within a container.