An external issue to be considered when setting a price is
A)the variable costs of the product or service.
B)the desired rate of return.
C)the quality of materials and labor.
D)the number of competing products or services.

Question

Quizplus · Accepted Answer

The number of competing products or services is an external issue that should be considered when setting a price. Competing products or services can affect the demand for a product or service, and therefore impact the pricing strategy. It is important to understand the market and competition to ensure that the price is competitive and attractive to consumers.

An External Issue to Be Considered When Setting a Price