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
E)pricing margins

Question

Quizplus · Accepted Answer

Pricing constraints refer to various factors that affect the price of a product, such as newness of the product, whether it is part of a product line, and cost of changing a price. These constraints can limit a company's ability to set a desired price for a product. Price fixings refer to illegal actions taken by companies to collude and set prices together. Price elasticities refer to the responsiveness of demand for a product to changes in its price. Pricing demands and pricing margins are not accurate terms to describe the factors mentioned.

Which Term Describes Factors That Affect Price and Include: Newness