Question: Why is Price important? ( as discussed in class ) Group of answer choices It allows the company to cover the cost of goods sold

Why is Price important? (as discussed in class)
Group of answer choices
It allows the company to cover the cost of goods sold (COGS)
It is one of the two components that make up the company's revenue
It ensures the company will make a profit
Ensures coverage of inventory costs

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

The primary objective of organizations is to _____________. Group of answer choices Create and capture value None of the answers are correct Produce goods or services Produce a profit for its...

Q:

The fact that people have unlimited wants means that _____ Group of answer choices they always want more of at least one good. people always purchase the goods that cost the least. there is always an...

Q:

Question 1 2pts As production increases, Group of answer choices average fixed cost will fall. average fixed cost will increase. average fixed cost will stay constant. Flag this Question Question 2...

Q:

1 2 pts As production increases, Group of answer choices average fixed cost will fall. average fixed cost will increase. average fixed cost will stay constant. Flag this Question Question 2 2 pts If...

Q:

Why is Price important? (as discussed in class) Determines positioning in the market; how/where the company "fits" It is one of the two components that make up the company's revenue It allows the...

Q:

If an investor believes that the required rate of the return is lower than the expected return, the stock should be and he should . Group of answer choices undervalued, buy the stock. undervalued,...

Q:

50.A continuous monitoring tool to link strategy, activities and performance in a graphic way that allows managers to quickly asses current performance on financial and nonfinancial measure is...

Q:

Flag question: Question 1 Question 12 pts If there is a decrease in ending inventory from one month to the next then: Group of answer choices Production > Sales Absorption Costing Profit > Variable...

Q:

Scarcity implies that: Group of answer choices A. consumers would be willing to purchase the same quantity of a good at a higher price. B. it is impossible to completely fulfill the unlimited human...

Q:

During the period ended December 31, 2020, Magic Ltd., a newly incorporated company incurred $20,000 of incorporation costs.Since it is a brand new company, Magic Ltd. was incorporated on September...

Q:

The Financial Times, on Tuesday, April 13, 2004, made the following comment in its editorial `Parmalat: Perennial Lessons of European Scandal: Urgent need for better enforcement and investor...

Q:

For investments in available-for-sale securities, how are unrealized (holding) gains and losses reported?

Q:

How much was Mr . Parker's total compensation for his service as a Disney board member in FY 2 0 2 4 ?

Q:

Can you elucidate the role of molecular chaperones and protein quality control systems in maintaining the integrity and homeostasis of the cytoplasm, particularly under conditions of cellular stress...