The maximum selling price that a firm can sustain for a product is determined by:

Question

a) What it costs to produceb) Competitors' pricesc) What customers are prepared to pay for itd) Competitive parity

Tamer Elbeshbishy · Answer

All of that are factors of price setting. However C is preferable in this case

Wasi Rahman Sheikh · Answer

OPTION C) ANSWER<<<<<<<<<<<<<<<<

karokora emmanuel · Answer

The price elasticity of demand highly determines maximum selling price of a product.

Nasir Hussain · Answer

The right answer is

c) What customers are prepared to pay for it

Vinod Jetley · Answer

c) What customers are prepared to pay for it