Managers only need to consider variable costs when setting prices.

Name: Managers only need to consider variable costs when setting prices.
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Question

Quizplus · Accepted Answer

Managers need to consider both variable and fixed costs when setting prices because fixed costs also play a role in determining the overall cost of production. Additionally, managers need to consider other factors such as competition, customer demand, and positioning in the market.

Managers Only Need to Consider Variable Costs When Setting Prices