After you set a price for your product, you discover that your competitors are selling the same thing at a significantly lower price. One reasonable option you have is to
A. lower your price, but add a service charge.
B. find a way to lower your costs.
C. raise your profit margin.
D. use the cost plus model.
After you set a price for your product, you discover that your competitors are selling the same thing at a significantly lower price. One reasonable option you have is to find a way to lower your costs.
Asked 1/24/2018 11:33:02 AM
Updated 7/17/2019 11:28:57 AM
1 Answer/Comment