Which of the following is a reason for a company to raise its prices?
A)to balance out cost increases
B)to win a larger share of the market
C)to use excess capacity
D)to boost sales volume
E)to balance out decreasing costs

Question

Quizplus · Accepted Answer

Raising prices is often a response to increasing costs, including costs of raw materials, labor, and overhead. By raising prices, companies can offset these cost increases and maintain profit margins.

Which of the Following Is a Reason for a Company