Course Solutions Uncategorized (Answered) : What external factors affect the pricing decisions made by organizations?

(Answered) : What external factors affect the pricing decisions made by organizations?

June 27, 2024June 27, 2024| adminadmin| 0 Comment| 7:34 pm
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What external factors affect the pricing decisions made by organizations?

Expert Answer

price is the genesis of a firm, which create a way to firm to meet its obligations and goals. the price of a product or service will be fixed by producers based on many factors. among those the external factors are as follows:

the demand of the product in the market: if the demand for given product is high, the producer will fix high price to te product.

existed competition in the market: when there is high competition existed in the market, the producer must concern the pricing policies

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