Which of the following is NOT one of the three foundations of pricing?
A) Production efficiency
B) Costs
C) Potential demand
D) Competition

Question

Quizplus · Accepted Answer

Production efficiency is not considered one of the three foundations of pricing. The three main foundations typically include costs, potential demand, and competition. These elements are crucial in determining the price of a product or service, focusing on how much it costs to produce, the demand for the product, and the prices set by competitors. Production efficiency, while important for overall business operations and cost management, is not directly a foundation of pricing.

Which of the Following Is NOT One of the Three