Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pricing plays an integral role in us economy by allocating goods and services among consumers, governments and businesses. Pricing is essential to the business because

Pricing plays an integral role in us economy by allocating goods and services among consumers, governments and businesses. Pricing is essential to the business because it creates revenue, which is the basis of all business activity. In setting prices, marketing managers strive to find a level high enough to produce a satisfactory profit. Please argue the following questions. Why is pricing so important to the marketing manager (Minimum 150 word)? How does price allocate goods and services (Minimum 150 words)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quality Of The Environment An Economic Approach To Some Problems In Using Land, Water, And Air

Authors: Orris C Herfindahl, Allen V Kneese

1st Edition

1317386663, 9781317386667

More Books

Students also viewed these Economics questions

Question

What are 5 benefits of having ethics in accounting professionalism?

Answered: 1 week ago

Question

2. What do the others in the network want to achieve?

Answered: 1 week ago

Question

1. What do I want to achieve?

Answered: 1 week ago