Pricing constraints refer to
A)barriers that must be overcome in order to set pricing objectives.
B)competitive pricing advantages one firm has over another.
C)different pricing strategies for each of the firm's products.
D)factors that limit the range of prices a firm may set.
E)barriers to entry a firm faces when launching a new product.

Question

Quizplus · Accepted Answer

Pricing constraints are factors that limit the range of prices that a firm may set for its products or services. These constraints may be related to the cost of production, consumer demand, competition, or other external factors, and they can affect the profitability and market share of a firm. Therefore, firms need to consider these constraints when setting their pricing objectives and strategies.

Pricing Constraints Refer to