Factors That Limit the Range of Prices a Firm May

question 186

Multiple Choice

Factors that limit the range of prices a firm may set are referred to as

• A)pricing objectives.
• B)pricing restraints.
• C)pricing constraints.
• D)pricing elasticity.
• E)the pricing environment.

---

Definitions:

Kindred

A group of people related by blood or through marriage, often extended to include all relatives.

EGO

The part of the mind that mediates between the conscious and the unconscious and is responsible for reality testing and a sense of personal identity.

Nuclear Family

A family unit consisting of two parents and their children living together as a single household, traditionally seen as a societal norm.

Grandmother

A female family member who is the mother of one's parent, often playing a significant role in family support and heritage.