Setting Prices for Products and Services Requires Entrepreneurs to Balance

question 75

Multiple Choice

Setting prices for products and services requires entrepreneurs to balance a multitude of complex forces as entrepreneurs determine prices for their goods and services that will draw customers and ________.

• A)position prices lower than all competitors
• B)produce a profit
• C)effectively compete with online alternatives
• D)have high volume/high margin sales

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Definitions:

Mary Ainsworth

A developmental psychologist known for her work in the development of attachment theory.

Avoidant Children

Children who exhibit a tendency to avoid contact or interaction with caregivers or others, often as a result of attachment issues.

Securely Attached

Describes individuals, typically in the context of infant-caregiver relationships, who show confidence in exploring their environment due to the reliable and consistent response of their caregiver.

Zygote

The initial cell formed when a sperm cell unites with an egg cell, which then undergoes cell division to develop into an embryo.