which of the following factors should be taken into consideration when setting the price of a...
which of the following factors should be taken into consideration when setting the price of a new product?
the cost of raw materials, parts, and labor
the image of the company that makes the product
the perceived value of a product to potential buyers
all of the above
Homework Answers
There are the following factors should be taken into consideration while setting the price of a new product:
1. Cost of raw material, parts, and labor,
2. The perceived value of the product, and
3. Image and reputation of the company.
Therefore, the correct option is (d).
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