Each of the following is a true statement with respect to acting as a constraint on pricing EXCEPT:
A)The competitive environment is an oligopoly.
B)We are dealing with a necessity type of good.
C)The product is in the maturity stage of its product life cycle.
D)Only factors external to the organization are valid factors.

Question

Quizplus · Accepted Answer

Factors both internal and external to the organization can act as constraints on pricing. Therefore, statement D is not a true statement.

Each of the Following Is a True Statement with Respect