Which of the following is an environmental influence on pricing decisions?
A) Price elasticity
B) Government regulations
C) Demographic conditions
D) Psychological factors

Question

Quizplus · Accepted Answer

Government regulations are an environmental influence on pricing decisions as they can impose taxes, tariffs, and other restrictions on pricing strategies of businesses. Price elasticity is a demand-side factor, demographic conditions are market-specific, and psychological factors are another type of demand-side influence.

Which of the Following Is an Environmental Influence on Pricing