There is more subjectivity in the pricing of services than there is in the pricing of physical products.

Question

Quizplus · Accepted Answer

The pricing of services can be subjective and depend on factors such as consumer demand, competitor pricing, and the specific value or expertise of the service provider. On the other hand, the pricing of physical products may be more straightforward as it is often determined by the cost of production and distribution. However, there can still be variability in the pricing of physical products based on factors such as branding and perceived value.

There Is More Subjectivity in the Pricing of Services Than