When Pricing Your Product,the Optimum Price Is the Highest Price

question 5

True/False

When pricing your product,the optimum price is the highest price that will produce your desired level of sales in your intended market.

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Definitions:

Rational

Pertaining to a number or expression that can be expressed as the quotient or ratio of two integers.

Square Root

The number that produces a specified quantity when multiplied by itself (e.g., the square root of 9 is 3).

Exponents

A mathematical notation indicating the number of times a quantity is multiplied by itself.

Evaluate

To calculate the numerical value or simplify an expression.