TRUE/FALSE. governments typically play no role in establishing prices or regulating how buyers and sellers are allowed to behave in agreeing on prices.

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23-11-2022
Business

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TRUE/FALSE. governments typically play no role in establishing prices or regulating how buyers and sellers are allowed to behave in agreeing on prices.

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fawadmohd fawadmohd · Answer 1 · 2022-11-29T07:20:55+01:00

FALSE. Governments normally don't have any influence over how prices are set or how buyers and sellers can negotiate a price.

A new product's price may seem difficult to set at first, but if you take the time to review the data available on the product and the target markets, you can choose a reasonable and lucrative sales price. Consider the product's intrinsic value and the benefits it will provide consumers in addition to the overall costs of production and distribution. In addition to covering the cost of production, the product's profit should show the value it brings to customers.

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