Which of the Following Is Not a Major Factor for Firms

question 80

Multiple Choice

Which of the following is not a major factor for firms making price decisions?

• A) Costs
• B) Competition
• C) Previous sales
• D) Channel member expectations
• E) Legal and regulatory issues

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Definitions:

State Income Tax

A tax levied by a state on the income of its residents and businesses operating within its jurisdiction.

Federal Income Tax

The annual income of individuals, corporations, trusts, and other legal organizations is subject to taxation by the IRS.

Gross Pay

It's the total amount of compensation that an employee receives before any deductions, such as taxes and retirement contributions, are made.

FICA-OASDI

The portion of the U.S. Federal Insurance Contributions Act tax that funds the Social Security retirement, disability, and survivors' benefits.