Price reflects more than cost and profit; pricing decisions also must be based on the degrees of competition and buyer-seller relationships. According to the textbook the competitive pressures of price also must consider which of the following?

Question

Quizplus · Accepted Answer

The competitive pressures of price must consider all of the above factors; the number of sellers and buyers in the market, as well as the general economic environment.

Price Reflects More Than Cost and Profit; Pricing Decisions Also