While Setting the Price of a Product,what Must Managers Consider

question 242

Multiple Choice

While setting the price of a product,what must managers consider?

• A) cost of the whole marketing mix
• B) buying capacity of the customers
• C) profit it should bring the company
• D)
• Transportation cost

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Definitions:

Diverse Perspectives

The inclusion of varied viewpoints and experiences, often resulting from differences in culture, ethnicity, gender, and background, enriching decision-making and creativity.

Content Knowledge

The understanding of the facts, concepts, theories, and principles that are specific to a particular educational subject or occupational field.

Facilitation

The process of making an action or process easier or more achievable by providing assistance or support.

Outcomes

The results or consequences of actions, processes, or behaviors, often measured to determine success or impact.