Price setting involves .
setting prices high enough to cover manufacturing costs and make a profit
setting prices with other companies to corner the market
artificially inflating the price of manufactured goods to maximize profits
setting prices low enough to eliminate the competition

Setting prices high enough to cover manufacturing costs and make a profit.

Explanation: The prices of products are influenced by a number of factors, which includes manufacturing costs, the condition of the market presently and the product quality. While setting prices for a products, an organization need to ensure the price set must cover the costs incurred for the production of the products and profits margins. The implication of a product price not covering costs is that, the business will ultimately fail as a result of the exhaust in the organization financial resources. Several strategies are used to determine price of products by organizations, however which ever is adopted must focus on achieving the financial goals of the organization.

answer; dividing net income by 1- t ;

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