Pricing is often difficult because various products have related demand and costs,and they face different degrees of competition.

Name: Pricing is often difficult because various products have related demand and costs,and they face different degrees of competition.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Pricing strategy must take into account not only the costs of production but also the demand for the product and the level of competition in the market. This complexity can make pricing decisions challenging for businesses.

Pricing Is Often Difficult Because Various Products Have Related Demand