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Which of the following factors should businesses consider when establishing a product's selling price
computer-generated tags.
Economic conditions
Easier to change prices
A local ice-cream shop prices menu items below cost in an effort to eliminate its competition.
By determining the best time to adjust prices
To get market share as fast as possible
Economic conditions
Flexible pricing
How does technology help businesses when it enables them to obtain and analyze vast amounts of information that impact the pricing function?
computer-generated tags.
Economic conditions
Easier to change prices
A local ice-cream shop prices menu items below cost in an effort to eliminate its competition.
By determining the best time to adjust prices
To get market share as fast as possible
Economic conditions
Flexible pricing
One way that many businesses use technology to reduce the costs associated with marking prices on products is by using
computer-generated tags.
Economic conditions
Easier to change prices
A local ice-cream shop prices menu items below cost in an effort to eliminate its competition.
By determining the best time to adjust prices
To get market share as fast as possible
Economic conditions
Flexible pricing
What is an external factor that affects the price that a business charges for its products?
computer-generated tags.
Economic conditions
Easier to change prices
A local ice-cream shop prices menu items below cost in an effort to eliminate its competition.
By determining the best time to adjust prices
To get market share as fast as possible
Economic conditions
Flexible pricing
Which of the following is an example of an ethical issue as it relates to predatory pricing:
computer-generated tags.
Economic conditions
Easier to change prices
A local ice-cream shop prices menu items below cost in an effort to eliminate its competition.
By determining the best time to adjust prices
To get market share as fast as possible
Economic conditions
Flexible pricing
Why do some new companies set their selling prices as low as they can?
computer-generated tags.
Economic conditions
Easier to change prices
A local ice-cream shop prices menu items below cost in an effort to eliminate its competition.
By determining the best time to adjust prices
To get market share as fast as possible
Economic conditions
Flexible pricing
What would be the most appropriate pricing strategy for a business in a small town where unemployment has skyrocketed and the economy is in a downturn?
computer-generated tags.
Economic conditions
Easier to change prices
A local ice-cream shop prices menu items below cost in an effort to eliminate its competition.
By determining the best time to adjust prices
To get market share as fast as possible
Economic conditions
Flexible pricing
What is the advantage to a business of using bar-code pricing?
computer-generated tags.
Economic conditions
Easier to change prices
A local ice-cream shop prices menu items below cost in an effort to eliminate its competition.
By determining the best time to adjust prices
To get market share as fast as possible
Economic conditions
Flexible pricing
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