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Pricing is determined by the customer willingness to pay

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Reference no: EM133275074

Question 1. Context describes the environment in which the company operates.

True or False

Question 2. Pricing is determined by the customer's willingness to pay.

True or False

Question 3. For a manufacturer with Cost of Goods Sold of $5 and a target Gross Profit of 50% the selling price would be:

$20

$7.50

$5

$10

Question 4. Combined pricing effects have been proven to bring more revenue to the bottom line.

True or False

Reference no: EM133275074

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