Asked by
Natasha Crawford
on Dec 15, 2024Verified
Rather than emphasize demand, cost, or profit factors, a price setter can stress what ________ doing.
A) the service sector is
B) the market or competitors
C) the global economy is
D) suppliers are
E) the financial markets are
Price Setter
An entity in the market that has the power to influence or set the prices of goods or services, often due to market dominance.
Demand Factors
Factors that determine consumers’ willingness and ability to pay for products and services.
Global Economy
The interconnected world economy where goods, services, and labor are exchanged across international borders.
- Understand the concept of price setting in response to market or competitor actions.
Verified Answer
JW
Learning Objectives
- Understand the concept of price setting in response to market or competitor actions.