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Which external factor affects pricing decisions by considering the competition level in the market?
  • a)
    Economic conditions
  • b)
    Consumers' preferences
  • c)
    Channel intermediaries
  • d)
    Competition
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Which external factor affects pricing decisions by considering the com...
The degree of competition in the market is an external factor that influences pricing decisions. In a highly competitive market, prices may be set lower to attract customers, while in less competitive markets, prices could be higher.
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Which external factor affects pricing decisions by considering the competition level in the market?a)Economic conditionsb)Consumers' preferencesc)Channel intermediariesd)CompetitionCorrect answer is option 'D'. Can you explain this answer?
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