An Internal Issue to Be Considered When Setting a Price

question 94

Multiple Choice

An internal issue to be considered when setting a price is

• A)whether there is a sole source or heavy competition.
• B)the life of the product or service.
• C)a price geared toward a minimum return on investment.
• D)whether there is seasonal demand or continual demand.

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Definitions:

Energy

The strength and vitality required for sustained physical or mental activity, important for personal and organizational productivity.

Intergroup Conflict

Refers to a disagreement or confrontation between different groups, often caused by competition for resources, prejudice, or misunderstandings.

Apology

is an expression of regret or sorrow for having wronged another, often seen as a way to mend or maintain relationships.

Increased Trust

The development of a stronger belief in the reliability, truth, or ability of someone or something.