Which of the Following Is Not a Major Influence on Pricing

question 59

Multiple Choice

Which of the following is not a major influence on pricing decisions?

• A) Planning and control policies of the firm.
• B) Customer demand.
• C) Costs.
• D) Competitors.
• E) Political, legal, and image-related issues.

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Definitions:

Consumers

Individuals or groups who use goods and services generated within the economy, playing a critical role in the demand and supply chain.

Positioning

The process of establishing a brand or product in the market by differentiating it from competitors, targeting specific consumer segments.

Benefits

Advantages or favorable outcomes provided, often in the context of employment, such as healthcare or retirement savings.

Consumer Tastes

Preferences and inclinations of consumers regarding products, services, and experiences, shaped by cultural, social, personal, and psychological factors.