Which answer best explains the concepts of pricing?
A) Consumers all want to pay the same price for the same product. Businesses agree among themselves what that price should be.
B) consumers buy the products the lowest prices. Businesses must figure out how to keep costs low so they can make a profit
. C) Consumers demand to know how much profit companies make.
Businesses must price products in a way that shows they are fair
d) Consumers choose what to buy based partly on price. Businesses consider this as they determine the pricing for their products.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which answer best explains the concepts of pricing? A) Consumers all want to pay the same price for the same product. Businesses agree ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Cass & Company has the following data. What is the firm's cash conversion cycle? Inventory Conversion Period = 47 days Receivables Collection Period = 17 days Payables Deferral Period = 25 days A. 46 days B. 30 days C. 45 days D. 39 days E. 38 days
Answers (1)
A year. The term bottom of the pyramid refers to the more than 4 billion people who earn less than US A$1.500 B $2,500 $3.500 D55.000 $10,000
Answers (2)
Jane is a manager at a federal government agency and recently hired a new employee, Mark, who will work with sensitive information. How much time does Jane have from Mark's hire date to get him security training?
Answers (1)
A fair coin should land showing tails with a relative frequency of 50% in a long series of flips. Connor reads that spinning - rather than flipping - a US penny on a flat surface is not fair, and that spinning a penny makes it more likely to land
Answers (2)
Describe how security is handled in the free market system
Answers (1)
New Questions in Business
How did whirlpool use capabilities of text analytics to better understand their customers and improve product offerings?
Answers (1)
How did the Once-ler encourage his target market to learn more about the thneeds?
Answers (1)
Preparing a Budgeted Income Statement Oliver Company provided the following information for the coming year: Units produced and sold 160,000 Cost of goods sold per unit $6.30 Selling price $11 Variable selling and administrative expenses per unit $1.
Answers (1)
What is NOT one of the three primary resources that families have to reach financial goals?
Answers (1)
Interest groups ___. Are most often set up by or work for elites and corporations Work to influence laws and policies Work to influence court rulings All of these answers
Answers (1)