Figure 13-2 above represents the six steps in setting price."E" represents the step at which a firm would
A)set list or quoted price.
B)select an approximate price level.
C)scan competitors for prices of similar products or services.
D)determine cost,volume,and profit relationships.
E)establish the price range.

Question

Quizplus · Accepted Answer

The correct answer is A because "set list or quoted price" is the fifth step in setting price, which is represented by "E" in Figure 13-2.

Figure 13-2 Above Represents the Six Steps in Setting Price