Price is important to managers because it has a substantial effect on a company's profitability and sustainability.
Why is pricing important?
The importance of pricing is traced to the fact that defines the value or worth of a product and the number of customers that demand the product.
For the consumer of products, price is a key factor that determines purchase decisions.
Thus, price is important to managers because it has a substantial effect on a company's profitability and sustainability.
Learn more about pricing at https://brainly.com/question/15569228
#SPJ1
Question Completion:
Why is price important to managers?
