Which term describes the factors in the marketplace that limit the range of price a firm may set, such as newness of the product, demand for the product class, and competitors' prices?
A)grey market conditions
B)pricing constraints
C)organizational costs
D)profit maximization objectives

Question

Quizplus · Accepted Answer

Pricing constraints are factors that limit the range of price a firm may set, such as newness of the product; demand for the product class, product, and brand; cost of producing and marketing the product; competitors' prices; and legal and ethical considerations.

Which Term Describes the Factors in the Marketplace That Limit