When making the decision on a product's price,the manager must consider
A)all products at the same time.
B)the minimum price that will produce a profit.
C)only cost-based information.
D)the product's total variable costs.

Question

Quizplus · Accepted Answer

The manager must consider the minimum price that will produce a profit. It is not enough to simply consider all products at the same time or only focus on cost-based information. The product's total variable costs are also important, but should not be the sole determinant of pricing decisions. Ultimately, the goal is to set a price that maximizes profits while still being competitive in the market.

When Making the Decision on a Product's Price,the Manager Must