When setting the price for a product or service your price needs to,

Question

Quizplus · Accepted Answer

Setting the price for a product or service is not only about being competitive or matching the prices of others. The price should cover all the costs of producing the product or providing the service, including materials, labor, marketing, overhead, and a reasonable profit margin. Failing to cover all costs can lead to losses and even bankruptcy. Therefore, option D is the best choice.

When Setting the Price for a Product or Service Your