The final price a business owner sets within the acceptable price range depends on ________.
A) the cost of the product or service
B) the desired "image" he wants to create in the customer's mind
C) the maximum price customers are willing to pay
D) All of the above

Question

Quizplus · Accepted Answer

The final price a business owner sets within the acceptable price range depends on all of the listed factors - the cost of the product or service, the desired "image" he wants to create in the customer's mind, and the maximum price customers are willing to pay. All of these factors must be considered in order to set the most effective and profitable price for the product or service.

The Final Price a Business Owner Sets Within the Acceptable