Three major influences on pricing decisions are ________. A. continuous improvement, customer satisfaction, and supply B. variable costs, fixed costs, and mixed costs C. competition, demand, and production efficiency D. competition, costs, and customers

Three major influences on pricing decisions are ________. A. continuous improvement, customer satisfaction, and supply B. variable costs, fixed costs, and mixed costs C. competition, demand, and production efficiency D. competition, costs, and customers

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter12: Differential Analysis And Product Pricing

Section: Chapter Questions

Problem 5SEQ

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Concept explainers

Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.

Question

Three major influences on pricing decisions are ________.

continuous improvement, customer satisfaction, and supply

variable costs, fixed costs, and mixed costs

competition, demand, and production efficiency

competition, costs, and customers

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