Which of the following statements is true with respect to setting the final price?
A)One should consider that demand is unrelated to price.
B)The only policy used to set list prices is the one-price policy.
C)The only policy used to set list prices is the flexible-price policy.
D)The step of setting the list or quoted price follows selecting an approximate price level.

Question

Quizplus · Accepted Answer

When setting a final price, an approximate price level should be chosen prior to setting the list or quoted price.

Which of the Following Statements Is True with Respect to Setting