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 the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
One of the social trends that marketers must monitor
Answers (1)
In a recent year, sherwood day corporation had sales of $500,000, net income of $200,000, interest expense of $40,000, and tax expense of $30,000. what was day corporation's times interest earned for the year?
Answers (1)
The yield to maturity (YTM) on 1-year zero-coupon bonds is 5% and the YTM on 2-year zeros is 6%. The yield to maturity on 2-year-maturity coupon bonds with coupon rates of 10% (paid annually) is 5.7%. a.
Answers (1)
A ticket to an Eric Clapton concert costs $45. If you have a ticket, you can "scalp" it (sell it illegally) for $75. To a ticket holder, the opportunity cost of actually attending the concert is
Answers (2)
Assume that a small country produces only green peppers and red peppers. Last year, it produced 100 green peppers and 50 red peppers and sold them at prices of $2 per green pepper and $3 per red pepper.
Answers (1)
New Questions in Business
Which phrase defines complementary goods
Answers (1)
If a company's current assets increase, what might we assume about their inventory levels? a) It increasedb) It decreasedc) It stayed the samed) We don't have enough information to decide
Answers (1)
What is the effect of import restrictions on prices? a. they cause prices to drop. b. they cause prices to rise. c. they often cause prices to rise steeply and then drop. d. they usually do not have any lasting effect on price?
Answers (1)
Joan is a manufacturing engineer who works on a new product development team along with members from design, engineering, production, purchasing, finance, marketing, and quality assurance.
Answers (2)
Which are costs subtracted from in calculating profit? revenue wages overhead debt
Answers (1)