Amy is starting a new business and is confused about how to determine the price to set for her product.She comes to you for advice and you tell her,correctly,that the two factors that determine the price at which a product will sell are
A) the market and the awareness that costs and expected sales can be used only to establish aprice floor.
B) the market and status-quo.
C) the cost of production and maximum price that can be charged.
D) the competition price point and product demand.

Question

Quizplus · Accepted Answer

The market determines the price ceiling, while costs and expected sales help establish a price floor.

Amy Is Starting a New Business and Is Confused About