Author Question: Which of the following statements is true about the factors that affect pricing decisions? (Read 106 times)

fahad · **on:** Mar 6, 2021

Question 1

Three major influences on pricing decisions are ________.
◦ competition, costs, and customers
◦ competition, demand, and production efficiency
◦ continuous improvement, customer satisfaction, and supply
◦ variable costs, fixed costs, and mixed costs

Question 2

Which of the following statements is true about the factors that affect pricing decisions?
◦ Information about competitors' technologies is not useful for pricing decisions.
◦ Information about a competitor in a perfect market affects pricing decisions.
◦ Increase in price of a substitute product does not affect pricing decisions.
◦ Managers must always be aware of the competition when pricing their products

Jody Vaughn · **Reply #1 on:** Mar 6, 2021

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