Although Many Factors Can Influence Price,what Are the Primary Determinants

question 85

Multiple Choice

Although many factors can influence price,what are the primary determinants?

• A)costs of manufacturing and distribution
• B)the demand for the good and the cost to the seller
• C)distribution and promotion strategies
• D)stage of the product life cycle and costs to the consumer

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Definitions:

Correlation Coefficient

A statistical measure that calculates the strength and direction of the linear relationship between two variables.

Correlation Coefficient

An index assessing the power of association between a pair of variables.

Dependent Variable

A dependent variable is the outcome or response that researchers are interested in explaining or predicting, changing in response to manipulation of the independent variable.

Independent Variable

The variable in an experimental or observational study that is manipulated or categorized to observe its effect on the dependent variable.