Which of the following statements about consumer demand as a pricing constraint is most accurate?
A)The price charged by competitors for similar offerings has little effect on the price a seller can charge,usually only if there are very few potential buyers.
B)The number of potential buyers for the product affects the price a seller can charge,but only if the product is using a push strategy in the channel.
C)The number of potential buyers for the product affects the price a seller can charge,but only if the product is a necessity item.
D)The number of potential buyers for the brand affects the price a seller can charge in the growth stage of a product life cycle,but not in the introductory stage.
E)The number of potential buyers generally affects the price a seller can charge.

Question

Quizplus · Accepted Answer

The number of potential buyers for the product class,product,and brand affect the price a seller can charge.So does whether the item is a luxury or a necessity.Generally,the greater the demand for a product,the higher the price that can be set.

Which of the Following Statements About Consumer Demand as a Pricing