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In: Statistics and Probability

At times, a product starts as a concept plus anticipated selling price. For example, "a writing...

At times, a product starts as a concept plus anticipated selling price. For example, "a writing pen that will sell for $20 each," or," a pair of dress shoes that will sell for $500 a pair." Why do you think that setting an approximate selling price might be a good idea when establishing a supply chain? For maximum credit explain how you came to each conclusion you presented in this answer.

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orchestra answered 1 year ago
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