Pricing constraints are
A)the controllable elements in a firm's marketing mix that allow it to charge the highest price possible.
B)formulas used in establishing break-even points, price elasticity of demand, and marginal analysis of revenues and costs.
C)factors that limit the range of prices a firm may set.
D)factors that expand the range of prices a firm may set.
E)virtual boundaries used when setting the initial price on a new product.

Question

Quizplus · Accepted Answer

Pricing constraints are factors that limit the range of prices that a firm may set, such as competition, consumer demand, and production costs. These external factors affect the company's ability to charge a certain price for its products or services.

Pricing Constraints Are