(1) Tell whether each of the following statements is true (T) or false (F).① ________ It’s a good way to base your price decisions solely on what your competitors are charging.② _________ The overall product cost contains product costs, shipping fees, labor, and more.③__________ It’s necessary for you to decide the profit you need to earn on that product when pricing the product.④ __________ Once you set your product price scientifically, there is no need to investigate competitor pricing.⑤ _________ It pays to take many factors into consideration when deciding the price of your products.