The "ideal price" for a product ________.
A)is high enough to cover costs and to generate a profit
B)is low enough to produce adequate sales volume
C)today may be different from the "ideal price" tomorrow
D)All of the above

Question

Quizplus · Accepted Answer

The "ideal price" for a product should not only cover the costs and generate a profit but also produce adequate sales volume. Additionally, the "ideal price" may change over time due to various external or internal factors such as market demand, competition, or changes in production costs. Therefore, all the given choices are correct in determining the "ideal price" for a product.

The "Ideal Price" for a Product ________