Price setting and price management influences which of the following?
A)Fixed costs
B)Marginal costs
C)Profitability
D)Average costs

Question

Quizplus · Accepted Answer

Price setting and management directly affect profitability, as the price of a product or service influences the revenue generated and ultimately impacts the overall profitability of a business. Fixed costs, marginal costs, and average costs may be indirectly affected by price, but they are not directly influenced by price setting and management.

Price Setting and Price Management Influences Which of the Following