One mistake that entrepreneurs make is to set their prices so that they cover ____ costs plus a margin the entrepreneur is expecting to achieve.

Name: One mistake that entrepreneurs make is to set their prices so that they cover ____ costs plus a margin the entrepreneur is expecting to achieve.
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Question

One mistake that entrepreneurs make is to set their prices so that they cover ____ costs plus a margin the entrepreneur is expecting to achieve. ​

Quizplus · Accepted Answer

Entrepreneurs need to set their prices to cover total costs, which include both fixed and variable costs, plus a margin for profit. This ensures the business is sustainable and profitable.

One Mistake That Entrepreneurs Make Is to Set Their Prices