In a furniture manufacturer, which function is likely to be responsible for determining pricing policies?
A) Marketing and sales
B) Finance
C) Product/Service Development
D) Operations

Question

Quizplus · Accepted Answer

The function responsible for determining pricing policies in a furniture manufacturer is likely to be Marketing and sales as they are responsible for analyzing the market, competition and customer demand to create a competitive pricing strategy. Finance is responsible for monitoring and managing financial transactions, Product/Service Development is responsible for research and development of new products, and Operations is responsible for managing the production and delivery of products.

In a Furniture Manufacturer, Which Function Is Likely to Be