English, asked by khushbu4783, 4 months ago

what factors should a firm consider while setting up its pricing policy? ​

Answers

Answered by pooja14365
1

Pricing policies should be flexible enough to meet changes in economic conditions of various customer industries. If a firm is selling its product in a highly competitive market, it will have little scope for pricing discretion. Prices should also be flexible to take care of cyclical variations.

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