Price and quantity decisions made by a company have vital influences on
A)the firm's labor requirements.
B)consumer response to the product.
C)future success of the company.
D)All of the responses are correct.

Question

Quizplus · Accepted Answer

Price and quantity decisions have a direct impact on the company's labor requirements and the consumer response to the product. If the company sets a higher price point, it may require less labor to produce the product, but it could also deter some consumers from purchasing it. On the other hand, setting a lower price point may require more labor, but could attract more consumers. Ultimately, the price and quantity decisions made by a company will have a significant impact on its future success.

Price and Quantity Decisions Made by a Company Have Vital