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)price fixings
B)pricing constraints
C)price elasticities
D)pricing demands

Question

Quizplus · Accepted Answer

Pricing constraints refer to the factors that limit a company's ability to set prices, including the newness of the product, whether it is part of a product line, and the cost of changing a price. Price fixings refer to illegal agreements between companies to set prices at a certain level, price elasticities refer to the responsiveness of demand to changes in price, and pricing demands refer to the expectations or requirements of customers regarding price.

Which Term Describes Factors That Affect Price and Include: Newness