Which of the following is a major factor that influences price increases?
A) cost inflation
B) surplus of raw materials
C) government intervention
D) foreign competition
E) excess capacity

Question

Quizplus · Accepted Answer

Cost inflation is a major factor that influences price increases. As the costs of raw materials, labor, and other inputs increase, businesses often raise the prices of their products or services to maintain profitability. This will lead to the increase of the price of the final product.

Which of the Following Is a Major Factor That Influences