Question
How do the results of a marginal analysis help marketing managers determine the best price for a product?
Multiple choice question.
By illustrating how price and revenue are actually unrelated
By stating the BEP in dollars
By targeting the intended consumers
By demonstrating how price affects costs, revenues, and profits
Multiple choice question.
By illustrating how price and revenue are actually unrelated
By stating the BEP in dollars
By targeting the intended consumers
By demonstrating how price affects costs, revenues, and profits
Answers
GPT-4o mini
The correct answer is:
**By demonstrating how price affects costs, revenues, and profits.**
Marginal analysis helps marketing managers understand the relationship between price changes and their impact on overall financial performance, which is essential for determining the optimal pricing strategy.
**By demonstrating how price affects costs, revenues, and profits.**
Marginal analysis helps marketing managers understand the relationship between price changes and their impact on overall financial performance, which is essential for determining the optimal pricing strategy.