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Michael Jones Owns a Web Design Firm

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Michael Jones owns a Web design firm. The way Michael prices his products is to determine what consumers are willing to pay, and then he backs off a bit to provide a cushion. The method that Michael used to determine his prices is called:


Definitions:

Outsourcing

The transferring of manufacturing or other tasks—such as data processing—to countries where labor and supplies are less expensive.

Requirements

Conditions or capabilities needed by a user to solve a problem or achieve an objective that must be met or possessed by a system, product, or service.

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