Question
A wireless headset company wants to introduce a new high-end product that takes advantage of advanced manufacturing techniques. They have identified a need in the market but need to decide how they will price the product. Which of the following is a key factor they should consider when making a decision about this?
(1 point)
Responses
how large the user base will be
how large the user base will be
how many short runs are needed
how many short runs are needed
how plastic printing will evolve
how plastic printing will evolve
how to calculate opportunity cost
(1 point)
Responses
how large the user base will be
how large the user base will be
how many short runs are needed
how many short runs are needed
how plastic printing will evolve
how plastic printing will evolve
how to calculate opportunity cost
Answers
GPT-4o mini
The key factor the wireless headset company should consider when making a decision about pricing their new high-end product is **how large the user base will be**. Understanding the size and characteristics of the potential customer base can help the company determine the appropriate price point to maximize revenue while meeting market demand. Factors such as target demographics, market trends, and the potential for market growth will all influence pricing strategy.