What are the three basic factors that determine the market price of a product?
What will be an ideal response?
In any country, three basic factors determine the boundaries within which market prices should be set: cost, competition, and demand. The first is product cost, which establishes a long-run price floor, or minimum price. The second is competition, which of course is defined by customers: your competitors are those companies whose products compete with your products from the consumer's point of view. The third consideration is demand and value: price is a cue for value and, in the case of luxury products, is part of value. A cheap luxury watch is an oxymoron: there is no luxury without a luxury price.
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E-waste is particularly difficult to address because of
A. multiple international agencies like the Fair Factories Clearinghouse auditing contractors. B. morals and ethics that dictate firms to put principles above profits. C. environmental advocates being appointed to influential positions on company boards. D. the complexity of the modern value chain. E. the increased longevity of electronic products.
The questionnaire or research instrument should be biased in terms of the country in which it will be used
Indicate whether the statement is true or false