Which of the following choices correctly denotes the collective factors that can influence a company's pricing practices for goods and services?
A)Costs, and Customer Demand.
B)Costs.
C)Market Conditions, Costs, and Customer Demand.
D)Market Conditions, and Costs.
E)Market Conditions, and Customer Demand.

Question

Quizplus · Accepted Answer

Market conditions, costs, and customer demand are all important factors that can influence a company's pricing practices. Market conditions refer to the state of the industry and competition, while costs include production, distribution, and other expenses. Customer demand reflects the willingness of consumers to pay a certain price for a product or service. Therefore, all three factors play a critical role in determining the optimal pricing strategy for a company.

Which of the Following Choices Correctly Denotes the Collective Factors