Although Many Factors Can Influence the Price of a Product,the

question 16

Multiple Choice

Although many factors can influence the price of a product,the primary determinants are:

• A)the costs of manufacturing and distributing the product.
• B)the demand for the product and the cost to the seller for the product.
• C)the demand by consumers and the perceived quality of the product.
• D)the distribution and promotion strategies for the product.

---

Definitions:

Spring

A natural source of water emerging from the ground, often fed by an underground aquifer.

Perched Lake

A body of water situated above the normal water table, created by local, impermeable layers of rock or sediment.

Inflow

The process of water or other fluids moving into a particular area or system, contributing to the volume contained within.

Evaporation

The process by which water is converted from its liquid form to vapor, typically under the influence of sun and heat.