Pricing Constraints Are

question 71

Multiple Choice

Pricing constraints are:

• A)barriers that must be overcome in order to set pricing objectives.
• B)competitive pricing advantages one firm has over another.
• C)different pricing strategies for each of the firm's products.
• D)factors that limit the latitude of prices a firm may set.

---

Definitions:

Normal Approximation

A technique used to approximate a binomial distribution with a normal distribution when the sample size is sufficiently large.

Wilcoxon Signed Rank Test

A non-parametric statistical test that compares two related samples or repeated measurements on a single sample to assess whether their population mean ranks differ.

Test Statistic

A calculated value that is used in statistical testing to decide whether to reject the null hypothesis, based on the possible values it can take in relation to a theoretical distribution.

Rank Sums

A statistic used in non-parametric tests that involves summing the ranks of observations in samples.