manufacturing company that introduces a product must know or anticipate what specific price its __________ currently charge or may charge in the future.
A) present and potential competitors
B) financial institutions
C) suppliers
D) unions
E) regulators

Question

Quizplus · Accepted Answer

Knowing or anticipating the specific prices charged by present and potential competitors is crucial for a manufacturing company when introducing a new product. This information helps in setting the right price for the product and remaining competitive in the market. Financial institutions, suppliers, unions, and regulators may not have a direct impact on the pricing strategy of the company for a new product launch.

Manufacturing Company That Introduces a Product Must Know or Anticipate