In Pricing a Product, Managers Should Consider Which of the Following

question 163

Multiple Choice

In pricing a product, managers should consider which of the following?

• A)Only fixed costs
• B)Only variable costs
• C)Only period costs
• D)None of the above

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Definitions:

Household Wealth

The net value of all assets owned by members of a household, including property, investments, and cash, minus liabilities.

Price Level

The mean price point of all goods and services within the economic framework.

Disposable Income

After-tax financial resources available to households for the purposes of saving and spending.

Unemployment Level

The proportion of the workforce that is not currently employed but actively seeking employment.