Producers often use ________ as a primary basis for setting prices on the goods and services they offer the public.
A) tariffs
B) costs
C) market share
D) quotas
E) market pressures

Question

Quizplus · Accepted Answer

Producers often use the costs of production, such as labor, materials, and overhead, as a primary basis for setting prices on their goods and services. This ensures that they are covering their expenses and making a profit. Tariffs, quotas, market share, and market pressures may also play a role in pricing decisions, but they are not typically the primary basis.

Producers Often Use ________ as a Primary Basis for Setting