Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

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

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

Business Development Management
user-image
Question added by Vinod Jetley , Assistant General Manager , State Bank of India
Date Posted: 2015/02/27
Upvote (2) Views (12) Followers (5) Answers (5) Report Question
Write an Answer
Register now or log in to answer.
Tamer Elbeshbishy
by Tamer Elbeshbishy , Financial and Administration Manager , Muscat Towers Holding Group

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

Wasi Rahman Sheikh
by Wasi Rahman Sheikh , WAREHOUSE SUPERVISOR , AL MUTLAQ FURNITURE MFG

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

karokora emmanuel
by karokora emmanuel , Senior Sales Associate and couch buddy , Landmark group

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

Nasir Hussain
by Nasir Hussain , Sales And Marketing Manager , Pakistan Pharmaceutical Products Pvt. Ltd.

The right answer is 

c) What customers are prepared to pay for it

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

c) What customers are prepared to pay for it

Write Your Answer
More Questions Like This