Cost analysis can identify a level below which a price should not be set under normal circumstances.

Name: Cost analysis can identify a level below which a price should not be set under normal circumstances.
Brand: Quizplus
Rating: 4.8 (32 reviews)

Question

Quizplus · Accepted Answer

Cost analysis helps to determine the minimum price that should be set in order to cover the cost of producing and distributing a product or service. This information can be used to establish a price floor, below which the price should not be set under normal circumstances.

Cost Analysis Can Identify a Level Below Which a Price