Which master data do companies use to determine the prices of their products?

Question

Quizplus · Accepted Answer

Pricing conditions are used by companies to determine the prices of their products. These can include factors such as production costs, overhead expenses, competitor pricing, and market demand. By analyzing these conditions, companies can set prices that are both profitable and competitive within the market. The other options listed (price comparison, selling price, wholesale price, and tax allowances) may be factors that companies consider when setting prices, but they are not the primary master data used.

Which Master Data Do Companies Use to Determine the Prices