When pricing a product or service, managers must consider which of the following?

Name: When pricing a product or service, managers must consider which of the following?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When pricing a product or service, managers must consider all costs, including variable costs, period costs, and manufacturing costs, in order to set a price that covers all expenses and provides a reasonable profit margin. Ignoring certain costs could lead to underpricing and potentially losing money on each sale.

When Pricing a Product or Service, Managers Must Consider Which