Three General Bases Used for Pricing in a Small Business

question 3

Multiple Choice

Three general bases used for pricing in a small business are

• A)cost,demand,and competition
• B)packaging,location,and demand
• C)ease of use,special features,and demographics
• D)supply chain,cost,and hours of operation

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Definitions:

Priorities

The tasks, activities, or goals considered more important and requiring attention before others.

Tasks

Specific pieces of work or activities assigned to someone or required to be completed as a part of a job or project.

Morale

The overall mood, attitude, and satisfaction of a person or group, often influencing productivity and cohesion.

Strategies

Broad plans or sets of actions designed to achieve specific goals or solve problems.