What is setting the selling price of a company's product an example of?
A)planning
B)control
C)decision making
D)continuous improvement

Question

Quizplus · Accepted Answer

Setting the selling price is a decision that involves analyzing market trends, production costs, and competitor prices. It requires the use of management skills to make a choice that maximizes the company's profit while remaining competitive in the market. Therefore, the selling price is an example of decision making.

What Is Setting the Selling Price of a Company's Product