Which of the Following Represent the Three Major Influences on Pricing

question 110

Multiple Choice

Which of the following represent the three major influences on pricing decisions?

• A)customers,competitors,and costs.
• B)controls,customer,and competitors.
• C)costs,competitors,and controls.
• D)costs,controls,and customers.

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Definitions:

Instrumentality

in the context of motivation, refers to the perceived likelihood that performance will be followed by a particular outcome.

Valence

The perceived value an individual places on the rewards of an outcome in decision making or motivation.

Gain-Sharing

A compensation strategy where employees receive financial rewards based on performance improvements or cost savings achieved by their efforts.

Organizational Performance

A measure of how efficiently and effectively a company reaches its goals and satisfies its stakeholders' expectations.