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Author Question: Which of the following statements is true about the factors that affect pricing decisions? (Read 119 times)

fahad

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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


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Marked as best answer by fahad on Mar 6, 2021

Jody Vaughn

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fahad

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it


steff9894

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Reply 3 on: Yesterday
:D TYSM

 

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