When making decisions about pricing strategy,the entrepreneur should consider only costs directly associated with the product and ignore overhead.

Question

Quizplus · Accepted Answer

Overhead costs, such as rent, salaries, and utilities, should also be taken into account when determining the pricing strategy. Ignoring these costs could result in setting a price that does not cover all of the expenses and ultimately lead to financial difficulties for the business.

When Making Decisions About Pricing Strategy,the Entrepreneur Should Consider Only