Which of the following is an external factor that affects pricing decisions?
A)the salaries of production management
B)competition
C)the salaries of finance management
D)overall pricing objectives
E)the company's overall marketing strategy

Question

Quizplus · Accepted Answer

Competition is an external factor that affects pricing decisions as companies have to consider the prices of their competitors when setting their prices. The salaries of production management and finance management are internal factors that do not affect pricing decisions directly. Overall pricing objectives and the company's overall marketing strategy are internal factors that may influence pricing decisions but are not external factors.

Which of the Following Is an External Factor That Affects