Which of the Following Factors That Influences Pricing Decisions Pertains

question 30

Multiple Choice

Which of the following factors that influences pricing decisions pertains to the expected consumption rates,the location,and the position of potential buyers?

• A)Psychological factors
• B)Environmental factors
• C)Demographic factors
• D)Price elasticity

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Definitions:

General Ledger

A complete ledger detailing every fiscal activity during the lifespan of a business.

Transaction Errors

Mistakes or inaccuracies occurring in the recording, processing, or reporting of financial transactions.

Debit

Amount entered on the left side of an account.

Credit

In financial terms, credit is the ability to borrow money or access goods or services with the understanding that payment will be made in the future.