Asked by Meghan
Which of the following statements describes how price relates to profit?
A. The lower the price is set, the lower the profit will be.
B. The prices a business sets for products and services help in determining the profit of the business.
C. A good or service with a high price will always have a low profit margin.
D. Prices have nothing to do with profit.
My answer is B
A. The lower the price is set, the lower the profit will be.
B. The prices a business sets for products and services help in determining the profit of the business.
C. A good or service with a high price will always have a low profit margin.
D. Prices have nothing to do with profit.
My answer is B
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