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What is one of the considerations involved in formulating a pricing policy?
  • a)
    Maintaining constant price fluctuations.
  • b)
    Ignoring the impact on other business policies.
  • c)
    Focusing solely on cost data.
  • d)
    Tailoring policies to various competitive situations.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What is one of the considerations involved in formulating a pricing po...
One of the considerations involved in formulating a pricing policy is tailoring the policy to various competitive situations. Pricing policies should be flexible and adaptable to changes in economic conditions, competition, and market demand.
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What is one of the considerations involved in formulating a pricing policy?a)Maintaining constant price fluctuations.b)Ignoring the impact on other business policies.c)Focusing solely on cost data.d)Tailoring policies to various competitive situations.Correct answer is option 'D'. Can you explain this answer?
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