Razer-Edge makes machines for sharpening the blades used by butchers to slice meat.When Razer-Edge priced its Primary Sharpener,its salespeople were told that it would be sold for $1,700,but that there would be room for discounts and flexibility.The $1,700 price is which of the following prices for the Primary Sharpener?
A) functional
B) base
C) channel leader
D) demand

Question

Quizplus · Accepted Answer

The $1,700 price is the base price, which is the starting point for negotiations and can be adjusted with discounts or flexibility. It is not functional because it does not refer to the minimum or maximum price needed for the product to work properly, it is not a channel leader because it does not refer to being the most competitive or popular price in the market, and it is not a demand price because it does not reflect the price that customers are willing to pay based on their demand for the product.

Razer-Edge Makes Machines for Sharpening the Blades Used by Butchers