Which of the Following Statements Is Correct Regarding the Relationship

Multiple Choice

Which of the following statements is correct regarding the relationship between a product's cost, price, and profit?

A) Price a product too low, customers will always purchase a product because the price is lower than the competitor.
B) Price a product too high, customers will most likely continue to buy if they have purchased the product in the past.
C) Price a product too high or too low can result in lost sales to competitors.
D) There is no direct correlation between a product's cost, price and profit since a company can charge whatever it desires for a product.