A cost-based price is a good starting point, but once a cost-based price has been determined what other factors should be considered before finalizing a selling price?
Once a cost-based price has been determined, the decision maker must also consider such factors as competitors' prices, customers' expectations, and the cost of substitute products and services.
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For small businesses a major problems with most retailers is that they:
a. Are hard to convince to take a chance on a small business start-up product b. Deal only with distributors and not manufacturers directly c. Require such large quantities of products that a small business has trouble delivering d. Are tied into supply contracts years in advance and cannot take your products until these run out.
In 2008, the United States enacted a country-of-origin labeling (COOL) law. The law requires supermarkets and other food retailers to display information that identifies the country that meat, poultry, and certain other food products come from
Indicate whether the statement is true or false