Companies price their products in a number of ways. Small companies prices are set by the boss, in larger companies, pricing is handled by division and product-line managers. In industries where price is a key factor, companies often establish a ________ department reporting to other internal departments.
A) financial
B) marketing
C) pricing
D) sales
E) distribution

Question

Quizplus · Accepted Answer

The question specifically references a pricing department, indicating that pricing is a significant enough factor in the industry that companies create an entire department dedicated to it. Financial, marketing, sales, and distribution departments may all play a role in pricing decisions, but none of them solely focus on pricing like a pricing department would.

Companies Price Their Products in a Number of Ways