Which of These Statements Regarding Pricing Constraints Is Most Accurate

question 148

Multiple Choice

Which of these statements regarding pricing constraints is most accurate?

• A) Generally, the greater the demand for a product, the higher the price that can be set.
• B) At the corporate level, when setting pricing constraints, a firm must disregard current conditions in the marketplace because they are too temporal for long-term planning.
• C) Pricing constraints must always be set, but they are rarely enforced.
• D) It is possible to create pricing constraints with the greatest range possible in order to anticipate any and all changes in the marketing environment.
• E) Even if a firm is trying to satisfy its obligations to its customers and society in general, it should ignore setting pricing constraints.

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Definitions:

Fad

A temporary fashion, notion, manner of conduct, or interest that enjoys widespread but short-lived popularity.

Employee Behaviour

The actions and conduct of individuals within an organization, impacting workplace productivity, culture, and morale.

HRM Effectiveness

Refers to the efficiency and impact of human resource management practices on improving employee performance and achieving organizational goals.

Customer Satisfaction

The measure of how products or services provided by a company meet or surpass customer expectations.