Prices should reflect the value that consumers are willing to pay. vs. Prices should primarily just reflect the cost involved in making a product or service.
You are an executive for a large multinational corporation and are meeting with other managers (your classmates) to discuss the following topic: Is the right price a fair price? Prices are often set to satisfy demand or to reflect the premium that consumers are willing to pay for a product or service. Some critics shudder, ho