While determining pricing the company needs to also think of
A) competitor reaction.
B) sales reaction.
C) employee reaction.
D) None of the options given are correct.

Question

Quizplus · Accepted Answer

Competitor reaction is an important consideration while determining pricing as it can impact the overall market shares and profitability of the company. Competitors may react by lowering their prices, increasing marketing efforts or offering discounts or promotions, which can affect the sales and revenue of the company. Therefore, it is important for companies to analyze and anticipate the reactions of their competitors while setting their prices. Sales and employee reactions can also be important factors, but they are not as critical as competitor reactions in determining pricing strategy. While determining pricing the company needs to also think of competitor reaction.

While Determining Pricing the Company Needs to Also Think of