The Key to Setting a Final Price for a Product

question 129

Multiple Choice

The key to setting a final price for a product is finding an approximate price level to use as a reasonable starting point. Four common approaches to selecting an approximate price level are (1) demand-oriented, (2) __________, (3) profit-oriented, and (4) competition-oriented approaches.

• A)cost-oriented
• B)cause-oriented
• C)revenue-oriented
• D)stakeholder-oriented
• E)distribution-oriented

Recognize different reasons and settings for negotiations.

Appreciate the constructive and destructive aspects of conflict.

Differentiate between various negotiation terms and concepts.

Understand different research designs and their appropriate applications.

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Definitions:

Financial Situation

The current state of an individual's or organization's money management, including assets, liabilities, income, and expenses.

Instrumental Support

Assistance provided to someone in the form of tangible help or services, such as financial aid or providing resources.

Fund Raisers

Fundraisers are events or campaigns organized to collect money for a particular cause, project, or organization, leveraging various strategies to encourage donations from individuals or groups.

Emotional

Pertaining to feelings or expressions of emotion, which involve complex psychological states and physiological responses.