An External Issue to Be Considered When Setting a Price

question 85

Multiple Choice

An external issue to be considered when setting a price is

• A)the quality of competing products or services.
• B)the quality of materials and labor.
• C)a price geared toward a minimum return on investment.
• D)the total costs of the product or service.

Explain how the evolution of language-processing centers in the human brain illustrates adaptive evolution.

Understand the genetic basis of animal behavior and related evolutionary concepts.

Identify examples and mechanisms of animal communication and social behavior.

Recognize the role of genes in influencing animal and plant behaviors.

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Definitions:

Railroad Companies

Businesses involved in the operation of trains and railroads for the transportation of goods and passengers.

Pools

Agreements between companies to maintain prices at a certain level by controlling supply, a form of collusion often illegal in the U.S.

Market Forces

The economic factors affecting the price, demand, and supply of goods and services in a free market.

Railroads

Transportation networks consisting of tracks, trains, and stations used for the movement of goods and passengers, significantly contributing to economic development and expansion.