LOS f: Explain factors that affect industry pricing practices.
Q1. There are at least four factors that contribute to a firm’s profitability and pricing decisions. All of the following are factors that firms consider when establishing their pricing practices EXCEPT:
A) ease of entry into the industry.
B) product segmentation.
C) product demographics.
Q2. Which of the following is NOT a factor that affects industry pricing practices?
A) Ease of industry entry.
B) Product segmentation.
C) Product convexity. |