While customers and cost influence prices,so does

Question

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Competition is a key factor that influences pricing decisions because it affects the demand for a product or service. If there are many competitors offering similar products, customers have more options to choose from and may be more price-sensitive, leading to lower prices. On the other hand, if there are few competitors or the product is unique, the company may be able to charge a premium price. While contribution margin, fixed versus variable costs, and desired profit are important considerations in pricing decisions, they are more internal factors and do not necessarily dictate the prices that customers are willing to pay.

While Customers and Cost Influence Prices,so Does