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.

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Definitions:

Supervisors and Managers

Individuals in an organization responsible for directing and overseeing the work of other employees, ensuring that tasks and objectives are completed efficiently and effectively.

HR Release

A document or announcement by the Human Resources department that typically communicates decisions, policy updates, or information relevant to employees.

Employee Information

Consists of personal and employment-related data about an employee, such as contact details, employment history, qualifications, and performance records.

Outside Persons

Individuals who are not employees or directly associated with an organization but may interact with it or have an interest in its activities.