The three primary bases for developing prices are:
A)profit, demand and value and/or competition.
B)supply, demand and marketing objectives.
C)demand, value and/or competition, and cost.
D)markup, cost and cost-plus.
E)negotiation, periodicity and randomness.

Question

Quizplus · Accepted Answer

The three primary bases for developing prices are demand, value and/or competition, and cost. Profit, supply, marketing objectives, markup, and negotiation are all factors that may be considered when developing prices, but they are not the primary bases. The primary bases for developing prices are the factors that play the most significant role in determining what price will effectively balance supply and demand while also covering costs.

The Three Primary Bases for Developing Prices Are