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:

Leadership Positions

Roles within an organization that have the authority and responsibility to guide and influence others.

Interpersonal Level

Interpersonal Level relates to the interactions and communications between individuals, focusing on relationships and exchanges among people.

Self-Interest

The consideration of one's own advantages or benefits in making decisions or taking actions.

Gather

To collect or bring things together from different places or over a period.