Managers should consider which of the following in pricing a product?

Question

Quizplus · Accepted Answer

Managers should consider both fixed and variable costs as well as period costs when pricing a product. Fixed costs are those that do not vary with the production quantity, while variable costs change with the production volume. Period costs are those that are not directly related to production, such as marketing and administrative expenses. By considering all these factors, managers can ensure that the price they set covers all costs and enables them to make a profit. Therefore, the correct choice is D, none of the above.

Managers Should Consider Which of the Following in Pricing a Product