2 years ago

How will the price of a product impact on the profits of the entrepreneur

1 answer:

3 0

Answer:

The higher your price, the less volume you have to produce for a given dollar amount of profit! Even a small price increase can generate significant additional profit. ... When a business comes out with a new product or service and they are the first to market, they may be able to charge high prices initially.

Explanation:

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How will the price of a product impact on the profits of the entrepreneur​

How will the price of a product impact on the profits of the entrepreneur