Customers' needs should be given strong consideration before the final price is chosen.

Question

Quizplus · Accepted Answer

Customers' needs and their willingness to pay should be taken into account when deciding on the final price. If the price is too high for the value perceived by the customer, they may not purchase the product or service. Similarly, if the price is too low, the business may not be profitable. Therefore, understanding and meeting the customers' needs should be a priority before the final price is determined.

Customers' Needs Should Be Given Strong Consideration Before the Final