Question

As price generate income to the firm, ______ are important for business economics.
A pice fixation
B Production analysis
C pricing practices
D None of these​

Answer 1

Answer:

production analysis

Explanation:

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Answer 2

As price generates income for the firm, price fixation is important for the business.

• As mentioned, the price of the commodities sold is directly related to the profits of the business.
• The business owner should be very careful while selecting a price point for their products as it will directly affect the profit of the firm.
• The price should include all the costs of production and also a profit margin that is set by the management.
• This will ensure that all the costs of production will be met and the business will also earn profits.

The answer is(A) price fixation.