Question: When a business is pricing and predicting demand for items that it has never sold before, the first step is to Multiple Choice assess prices

When a business is pricing and predicting demand for items that it has never sold before, the first step is to

Multiple Choice

assess prices for similar products on competitors sales platforms.

develop a demand prediction model for first exposure styles.

run a price optimization model to maximize revenue.

maximize carrying inventory of the new product.

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