Question: QUESTION: A)What is cost-based pricing? How do companies use fixed and variable costs in cost-based pricing models? B)Explain the price-demand relationship. What factors must sellers

QUESTION:

A)What is cost-based pricing? How do companies use fixed and variable costs in cost-based pricing models?

B)Explain the price-demand relationship. What factors must sellers consider when setting prices in different types of markets?

C)Define price elasticity and discuss why it is important for marketers to understand this concept?

SUBJECT :PRINCIPLES OF MARKETING

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