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QUESTION IMAGE

what \p\ involves setting a point that customers are willing to pay whi…

Question

what \p\ involves setting a point that customers are willing to pay while the business still makes profit?
price
product
place
promotion

Explanation:

Brief Explanations

The question is about identifying the "P" in marketing (part of Business discipline, specifically Marketing subfield) that relates to setting a price customers will pay while the business profits. Price is the element of the marketing mix (4Ps) that deals with pricing strategies to balance customer willingness to pay and business profitability. Product refers to the goods/services, Place to distribution, and Promotion to marketing communications—none match the description as well as Price.

Answer:

A. Price