Which of the Following Are Elements Involved in Step 1

question 61

Multiple Choice

Which of the following are elements involved in Step 1 of the price-setting process?

• A) objectives and constraints
• B) estimation of demand, sales revenue, and price elasticity
• C) cost estimation, marginal analysis, and break-even analysis
• D) demand for the product class and brand, newness of the product, and competition
• E) market segmentation targeting, and positioning

---

Definitions:

Plant Nurse

A healthcare professional who works within an industrial or corporate setting, providing medical care and health surveillance to employees.

Lawful Strike

A work stoppage by employees that is legal under local or national labor law.

Collective Agreement

A written contract negotiated between an employer and a union representing the employees, outlining terms and conditions of employment.

Picket Lines

A form of protest or demonstration by workers, often during a strike, where they line up outside their place of employment to dissuade others from entering.