that influence pricing decisions include the nature of the market and other environmental factors.
A)Value factors
B)External factors
C)Internal factors
D)Domestic factors
E)Target factors

Question

Quizplus · Accepted Answer

External factors refer to the factors that are beyond the control of the organization but still affect its pricing decisions. These may include economic, political, social, and technological factors, as well as competitors' pricing strategies and legal regulations. The nature of the market may also be considered an external factor, as it reflects the demand and supply conditions for the product, which influence the price that consumers are willing to pay. Therefore, external factors are the most relevant choice for influences on pricing decisions.

That Influence Pricing Decisions Include the Nature of the Market