An internal issue to be considered when setting a price is

a. whether the process is labor-intensive or automated.
b. the customer's preferences for quality versus price.
c. current prices of competing products or services.
d. the life of the product or service.


A

Business

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What will be an ideal response?

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Indicate whether the statement is true or false

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Who will most likely be willing to pay for high-value-added channels?

A) early buyers of a product B) internal customers of a company C) small and matured buyers of an industry D) consumers of low involvement products E) repeat customers of a product

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When providing a buyer with information about a product, which of the following questions is LEAST relevant for the salesperson to consider?

A. What level of satisfaction is expected from buying the product? B. What product attributes are important in the buying decision? C. What are the prospect's attitudes toward the product? D. What are the prospect's attitudes about a competitor's products? E. What moral development level is needed for the buying decision?

Business