A clothing store is selling a new style of bathing suits in preparation for the summer season. The store's manager thinks that consumers' willingness to pay for a bathing suit is $65 each, but she is not confident in her estimate. She wants to sell the bathing suits within the next 6 months, before summer ends, because after that she needs to make room in the store for the next year's styles. What price should the manager set for the bathing suit? a) $55 b) $64 c) $65 d) $75
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Home » Business » A clothing store is selling a new style of bathing suits in preparation for the summer season. The store's manager thinks that consumers' willingness to pay for a bathing suit is $65 each, but she is not confident in her estimate.