Which statement would most likely be spoken by someone in the midst of estimating demand and revenue in the price-setting process?
A) "It's important to offer discounts to seniors."
B) "We have to try to achieve an 8 percent profit share."
C) "The starting price should be $4.99 and we can raise the price again in six months."
D) "But, if we increase the price even by $1, how many customers will we lose?"
E) "We should probably price the extra-large version somewhere between $600 and $650."

Question

Quizplus · Accepted Answer

This statement reflects a consideration of how changes in price might affect customer demand, which is a key aspect of estimating demand and revenue in the price-setting process.

Which Statement Would Most Likely Be Spoken by Someone in the Midst