Which of the following is one of the biggest environmental influences on pricing decisions?
A)Product perishability
B)Government regulation
C)Markup pricing used by retailers
D)Pricing strategies used by manufacturers

Question

Quizplus · Accepted Answer

Government regulation is a significant environmental influence on pricing decisions. It includes taxes, subsidies, price controls, and other regulations that affect the prices of goods and services. For example, carbon taxes and cap-and-trade systems on pollution emissions influence prices for industries such as energy, transportation, and manufacturing. Similarly, government regulations on packaging and labeling of food and drugs also affect pricing decisions for producers and retailers. Hence, it is one of the most prominent external factors that businesses must consider while making pricing-related decisions.

Which of the Following Is One of the Biggest Environmental