Vince, Inc. has developed and patented a new laser disc reading device that will be marketed internationally.

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Question:

Vince, Inc. has developed and patented a new laser disc
reading device that will be marketed internationally. Which of
the following factors should Vince consider in pricing the device?
I. Quality of the new device.
II. Life of the new device.
III. Customers’ relative preference for quality compared to
price.

I and II onlyI and III onlyII and III onlyI, II, and III