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Erica wants to buy Marco’s used iPod. He is asking her to pay him $100 for it. $100 is the iPod’s
Pay all product costs
what customers can afford to purchase.
make buying decisions.
controls its costs.
return on investment.
may be investigated if they earn high profits.
earn a reasonable amount of profit.
selling price.
Businesses that come under government control often set a target return of profit because they
Pay all product costs
what customers can afford to purchase.
make buying decisions.
controls its costs.
return on investment.
may be investigated if they earn high profits.
earn a reasonable amount of profit.
selling price.
The majority of businesses that use profit-oriented pricing want to
Pay all product costs
what customers can afford to purchase.
make buying decisions.
controls its costs.
return on investment.
may be investigated if they earn high profits.
earn a reasonable amount of profit.
selling price.
Which of the following must a business accomplish through selling price:
Pay all product costs
what customers can afford to purchase.
make buying decisions.
controls its costs.
return on investment.
may be investigated if they earn high profits.
earn a reasonable amount of profit.
selling price.
Selling price helps customers to allocate their money because price determines
Pay all product costs
what customers can afford to purchase.
make buying decisions.
controls its costs.
return on investment.
may be investigated if they earn high profits.
earn a reasonable amount of profit.
selling price.
A business that sets its prices lower than those of competitors will not make a profit unless it also
Pay all product costs
what customers can afford to purchase.
make buying decisions.
controls its costs.
return on investment.
may be investigated if they earn high profits.
earn a reasonable amount of profit.
selling price.
The selling prices of products help customers to
Pay all product costs
what customers can afford to purchase.
make buying decisions.
controls its costs.
return on investment.
may be investigated if they earn high profits.
earn a reasonable amount of profit.
selling price.
The objective of pricing that is intended to earn a certain percentage of profit based on the amount of money that has been put into the business is
Pay all product costs
what customers can afford to purchase.
make buying decisions.
controls its costs.
return on investment.
may be investigated if they earn high profits.
earn a reasonable amount of profit.
selling price.
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