Which of the Following Are Elements of Step 3 in the Price-Setting

question 177

Multiple Choice

Which of the following are elements of Step 3 in the price-setting process?

• A)profit, market share, and survival
• 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

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Definitions:

Punitive Damages

Compensation awarded to a plaintiff that goes beyond what is necessary to compensate for losses and is intended to punish the defendant.

Remedies

Legal solutions or actions awarded by courts to address a wrong or enforce a right.

Code

A systematic collection of laws or regulations, or a set of principles or standards in computing or communication.

Incidental Damages

Compensation for additional financial losses that occur indirectly from a breach of contract or wrongful act.