An Internal Issue to Be Considered When Setting a Price

question 11

Multiple Choice

An internal issue to be considered when setting a price is

• A)whether there is a sole source or heavy competition.
• B)total demand for the product or service.
• C)the quality of material and labor.
• D)the number of competing products or services.

---

Definitions:

Rationalization

Rationalization is a defense mechanism in which controversial behaviors or feelings are justified and explained in a seemingly rational or logical manner to avoid the true explanation.

Chronic Use

The long-term, persistent use of a substance or engagement in a behavior, often leading to dependency or addiction.

Inadequacy

The feeling or state of being insufficient or not good enough to meet a standard or fulfill a need.

Self Help Group

Peer-led groups that offer support and mutual aid for individuals facing similar issues, such as addiction or mental health challenges.