Which of the following factors is vital to determining the effects of competition on the small firm's pricing policies?
A)The competitor's location
B)The availability of capital for production
C)The form of ownership of the small business
D)The type of outlet the business is

Question

Quizplus · Accepted Answer

The competitor's location is crucial in determining the effects of competition on a small firm's pricing policies because it directly influences the level of competition a business faces. If competitors are located nearby, the firm may need to adjust its pricing strategies to remain competitive.

Which of the Following Factors Is Vital to Determining the Effects