Figure 13-2 above represents the six steps in setting price."D" represents the step at which a firm would
A)estimate demand and revenue.
B)scan competitors for prices of similar products or services.
C)select an approximate price level.
D)determine cost,volume,and profit relationships.
E)establish the price range.

Question

Quizplus · Accepted Answer

The Answer of Figure 13-2 above represents the six steps in setting price."D" represents the step at which a firm would
A)estimate demand and revenue.
B)scan competitors for prices of similar products or services.
C)select an approximate price level.
D)determine cost,volume,and profit relationships.
E)establish the price range.

Figure 13-2 Above Represents the Six Steps in Setting Price