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PLEASE HELP ME!! What is meant by the phrase "charging whatever the market will bear"? A. You should keep raising prices until business drops off. B. You have to under…

PLEASE HELP ME!! What is meant by the phrase "charging whatever the market will bear"? A. You should keep raising prices until business drops off. B. You have to under…
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3 votes
PLEASE HELP ME!!

What is meant by the phrase "charging whatever the market will bear"?

A. You should keep raising prices until business drops off.
B. You have to undercut your competition.
C. Customers believe that higher prices mean better quality.
D. Your price can't be more than customers are willing to pay.

asked
User Kylebonnes
by
8.2k points

2 Answers

3 votes
I'm almost 100% positive the answer is C.
answered
User Finlay
by
8.1k points
4 votes

I am 100% sure the correct answer is D. Your price can't be more than customers are willing to pay.

Just took the test and got it right

answered
User Donesha
by
8.6k points
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