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:

Cognitive Therapies

A category of psychotherapeutic treatments that help patients understand the thoughts and feelings that influence behaviors, aiming to modify dysfunctional thinking patterns.

Conditioned Responses

Reactions that are learned through the process of conditioning, where an initially neutral stimulus becomes associated with a particular environmental cue.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired: a response which is initially elicited by the second stimulus is eventually elicited by the first stimulus alone.

Unconditioned Stimuli

Unconditioned stimuli are any stimuli that can naturally and automatically trigger a response without any learning process.