Which of the following is an external factor that affects pricing decisions?
A)the wages of production workers
B)the economy
C)the salaries of management
D)profit objectives
E)the company's marketing strategy

Question

Quizplus · Accepted Answer

The economy is an external factor that affects pricing decisions as changes in economic conditions, such as inflation or recession, can impact consumer demand and buying power, which in turn can affect the pricing strategy of a company. The other options listed are either internal factors, such as wages and salaries, or are related to a company's own profit objectives or marketing strategy, which are not external factors.

Which of the Following Is an External Factor That Affects