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Which external factor affecting pricing involves considering the economic conditions in the market, such as recession or inflation?
  • a)
    Channel Intermediaries
  • b)
    Competition
  • c)
    Consumers
  • d)
    Economic Conditions
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Which external factor affecting pricing involves considering the econo...
Economic Conditions, such as the state of the economy, inflation, and recession, play a significant role in pricing decisions. During a recession, consumers may have limited purchasing power, leading companies to adjust their prices to remain competitive and maintain sales. Economic factors influence consumer behavior and their willingness to spend on products.
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Which external factor affecting pricing involves considering the economic conditions in the market, such as recession or inflation?a)Channel Intermediariesb)Competitionc)Consumersd)Economic ConditionsCorrect answer is option 'D'. Can you explain this answer?
Question Description
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