The first thing that business owners must consider when determining the price of their goods is the costs associated with purchasing the finished product from the manufacturer, including all shipping and packaging. Understanding the costs involved ensures that the business can set a price that covers expenses and allows for profitability.
What is the first thing that business owners must consider when determining the price of their goods?
Possible Answers:
the costs associated with purchasing the finished product from the manufacturer including all shipping and packaging the costs associated with purchasing the finished product from the manufacturer including all shipping and packaging the average income of consumers most likely to buy their product the average income of consumers most likely to buy their product how much money they hope to bring in as a profit annually how much money they hope to bring in as a profit annually what price point the items closest to their item on the store shelves will be
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