Discuss the factors responsible for pricing strategy.
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Some of the major factors influencing pricing decisions of a company are as follows: A company's price level sends signals about the quality of its products to the customer. A customer always compares the company's prices with those of its competitors. The competitors also keep an eye on the price levels of a company.
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Explanation:
The key effects while examining price elasticity are.
a. situation effect
b. difficult examining effect
c. Either A and B
d Both A and B
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