Which of the following is not a factor that determines how much you are able to charge for your product or service? Group of answer choices Your cost to provide the product or service Value or price your product or service creates for the customer Price that competitors charge

Which of the following is not a factor that determines how much you are able to charge for your product or service? Group of answer choices Your cost to provide the product or service Value or price your product or service creates for the customer Price that competitors charge

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

Which of the following is not a factor that determines how much you are able to charge for your product or service?

Group of answer choices

Your cost to provide the product or service

Value or price your product or service creates for the customer

Price that competitors charge for alternative products or services

Season of the year or natural disaster

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