When deciding on a price to charge for the service which is being offered, it is important to consider:
A)customer price sensitivity
B)the right customer
C)the right time
D)the right place
E)the right inventory unit

Question

Quizplus · Accepted Answer

Customer price sensitivity is important to consider when pricing a service. If the price is too high, customers may not be willing to pay for it, and if it is too low, the business may not make a profit. By understanding customer price sensitivity, businesses can find the sweet spot that balances profit and customer willingness to pay. The other choices may also be important considerations in pricing, but customer price sensitivity is the most vital.

When Deciding on a Price to Charge for the Service