A manufacturing company that introduces a product must know or anticipate what specific price its _____ currently charge or will charge in the future.
A)information technology departments
B)subsidiary manufacturing divisions
C)previous industry relations
D)present and potential competitors

Question

Quizplus · Accepted Answer

In order to set a competitive price for a new product, a manufacturing company must be aware of the prices its present and potential competitors are charging. This information will help the company make informed decisions that will not hurt its profitability.

A Manufacturing Company That Introduces a Product Must Know or Anticipate