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Please help me!!!!! 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 y…

Please help me!!!!! 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 y…
asked 36.9k views
4 votes
Please help me!!!!!

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. raise your profit margin.
B. use the cost plus model.
C. find a way to lower your costs.
D. lower your price, but add a service charge.

asked
User Ashwani
by
8.3k points

2 Answers

1 vote

The correct answer is C. find a way to lower your costs.

took the test and got it correct

answered
User Eels Fan
by
7.7k points
0 votes
The answer will be C. find a way to lower your costs
answered
User Ankit Acharya
by
7.4k points
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