MCQOPTIONS
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| 1. |
The three major considerations in price setting are: costs set the floor price; ______________; and customers' assessment of unique features establishes the price ceiling. |
| A. | competitors' prices and the price of substitutes provide an orientation point |
| B. | competitors' prices establishes a "target price" goal |
| C. | the price of substitutes establishes a "target price" |
| D. | the price of competitors and substitutes does not enter into the pricing considerations. |
| Answer» B. competitors' prices establishes a "target price" goal | |