Question

Discuss the role of top management in price-determination.​

Answer 1

Answer: So one of the most important cornerstones of price determination is demand for the firm's produces). A product's demand indicates the volume of a product that buyers are willing to buy at a specific price.

Explanation: Mark me brilliant

Answer 2

Answer:

Determination of Prices means to determine the cost of goods sold and services rendered in the free market. In a free market, the forces of demand and supply determine the prices.

The Government does not interfere in the determination of the prices. However, in some cases, the Government may intervene in determining the prices. For example, the Government has fixed the minimum selling price for the wheat.