Although many factors can influence price,what are the primary determinants?
A)costs of manufacturing and distribution
B)the demand for the good and the cost to the seller
C)distribution and promotion strategies
D)stage of the product life cycle and costs to the consumer

Question

Quizplus · Accepted Answer

The demand for the good and the cost to the seller are the primary determinants of price. The cost of manufacturing and distribution, distribution and promotion strategies, and stage of the product life cycle can also play a role in pricing decisions, but ultimately the price must reflect the balance between the seller's costs and the buyer's willingness to pay.

Although Many Factors Can Influence Price,what Are the Primary Determinants