A manufacturing company that introduces a product must know or anticipate what specific price its currently charge or will charge in the future.
A)present and potential competitors
B)subsidiary manufacturing divisions
C)previous industry relations
D)information technology departments

Question

Quizplus · Accepted Answer

The price of a product is heavily influenced by the presence and actions of competitors in the market. Therefore, knowing or anticipating the pricing strategies of present and potential competitors is crucial for a manufacturing company introducing a new product. The other options listed are not directly related to pricing decisions.

A Manufacturing Company That Introduces a Product Must Know or Anticipate