Knowee
Questions
Features
Study Tools

When setting price, a company must consider many factors including the costs of:Multiple select question.organization structuredistributionpromotionproduction

Question

When setting price, a company must consider many factors including the costs of:

  • organization structure
  • distribution
  • promotion
  • production
🧐 Not the exact question you are looking for?Go ask a question

Solution

When setting a price, a company must consider many factors including the costs of:

  1. Organization Structure: This includes the costs of maintaining the company's infrastructure, paying employee salaries, and other administrative expenses.

  2. Distribution: These are the costs associated with getting the product from the production facility to the customer. This can include transportation, warehousing, and any fees paid to intermediaries like wholesalers or retailers.

  3. Promotion: These are the costs of advertising and marketing the product. This can include everything from traditional advertising campaigns to digital marketing efforts and public relations.

  4. Production: These are the direct costs of producing the product. This includes the cost of raw materials, labor, and any other direct costs associated with the manufacturing process.

So, all of the above options are correct.

This problem has been solved

Similar Questions

When setting price, a company must consider many factors including the costs of:Multiple select question.organization structuredistributionpromotionproduction

Multiple Choice QuestionA price-setter company will use more:Multiple choice question.target pricing methodscost-plus pricing methodstarget costing methods

Multiple Choice QuestionCosts developed which identify what products should cost are calledMultiple choice question.standard costs.product costs.actual costs.

Marketing managers should determine objectives that will lead to a Blank______.Multiple choice question.deficitprofitcapital expenditure programhigh price

Facility-level activities and costs are considered product costs in activity-based costing.Select one:TrueFalse

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.