Which term describes factors that affect price and include: newness of the product, whether it is part of a product line, and cost of changing a price?
A)pricing constraints
B)price elasticities
C)pricing demands
D)price fixings

Question

Quizplus · Accepted Answer

Pricing constraints refer to the various factors that affect the price of a product or service, which includes the newness of the product, whether it is part of a product line, and the cost of changing the price, among others. Price elasticities refer to the degree of sensitivity of demand to changes in price, while pricing demands and price fixings refer to specific strategies or actions related to price setting.

Which Term Describes Factors That Affect Price and Include: Newness