the analyst inputs a function to find the number of product prices that are less than $150.00. which formula will return that result?

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09-12-2022
Business

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the analyst inputs a function to find the number of product prices that are less than $150.00. which formula will return that result?

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contexto115 contexto115 · Answer 1 · 2022-12-15T17:21:34+01:00

COUNTIF(G2:G30, "<150") is correct formula to analyse a function to find the number of product prices that are less than $150.00.

Pricing is the process whereby a business sets the price at which it will sell its products and services, and may be part of the business's marketing plan. In setting prices, the business will take into account the price at which it could acquire the goods, the manufacturing cost, the marketplace, competition, market condition, brand, and quality of product.

Pricing of the product is something different from its price. In simple words, pricing is the art of translating into quantitative terms the value of a product to customers at a point of time. Someone has opined that, “The key to pricing is to build value into the product and price it accordingly.”

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Complete question: The analyst inputs a function to find the number of product prices that are less than $150.00. which formula will return that result?

•COUNTIF(G2:G30, ">=150")

•COUNTIF(G2:G30, "<150")

•SUMIF(G2:G30, "<150")

•SUMIF(G2:G30, ">150")