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[ General ] The general problems with cost and proft - based following:I. Internal focusIl. Ignores demand and competitive factorsIll. Provides pricing that is responsive

[General] The general problems with cost and proft-based following:I. Internal focusIl. Ignores demand and competitive factorsIll. Provides pricing that is responsive to customer needs and market comIV. Assumes all that is produced is sold at full priceV. Fails to account for economies of sale Only I & III Only!OOnly 1, II, IV, VVIl of them

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