The price charged for a product should normally be high enough to cover:

Question

Quizplus · Accepted Answer

The price charged for a product should cover all the costs incurred in producing and selling the product, including fixed costs, variable costs, and any other relevant costs. Additionally, the price should provide a reasonable return to owners or investors who have invested in the business. Therefore, option A is the best choice as it includes all the costs and the requirement of a reasonable return to owners.

The Price Charged for a Product Should Normally Be High