of the following are examples of pricing constraints EXCEPT:
A) cost of producing the product.
B) competitors' prices.
C) newness of the product (stage in its life cycle).
D) social responsibility.
E) demand for the product class, product, or brand.

Question

Quizplus · Accepted Answer

Social responsibility is not a pricing constraint. The other options are pricing constraints because they directly impact the pricing strategy of a product or service. Cost of production affects how much the product can be sold for without incurring a loss; competitors' prices determine the competitiveness of the product in the market; the newness or stage in the product life cycle impacts the pricing strategy for the product; and demand for the product class, product, or brand helps determine how much a customer is willing to pay for the product.

Of the Following Are Examples of Pricing Constraints EXCEPT