Solution-Should prices be set based on cost of producing

Should prices be set based on cost of producing

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Reference no: EM131655132

Prices are often set to satisfy demand in the market place or to reflect the premium consumers are willing to pay for the product.

Take a position and discuss if prices should be set based on the value consumers are willing to pay for or should prices be set based on cost of producing and marketing a product?

Reference no: EM131655132

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Should prices be set based on cost of producing

Reference no: EM131655132

Reference no: EM131655132

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