Although Many Factors Can Influence Price,the Primary Determinants Are

question 61

Multiple Choice

Although many factors can influence price,the primary determinants are:

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

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Definitions:

Nonunion Employee Representation

A system in which employees are represented in discussions with employers by entities or committees not affiliated with labor unions.

NLRA Deregulation

The process of reducing or eliminating government rules governing the National Labor Relations Act, potentially affecting labor relations and practices.

Antitrust Regulations

Laws and policies designed to prevent anti-competitive practices, monopoly, and to promote fair competition for the benefit of consumers.

Stakeholder Model

A theory of organizational management and ethics focusing on the needs and interests of all stakeholders, including employees, customers, and the community.