Prices are often set to satisfy demand or to reflect the, Ask an Expert

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Prices are often set to satisfy demand or to reflect the premium that consumers are willing to pay for a product or service.

Do you believe prices should reflect the value consumers are willing to pay? Alternatively, do you believe prices should reflect only the cost of making a product or delivering a service? Respond citing a real world example to support the position.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93080822

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