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Q: Why is price such a difficult variable for marketers to control?
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Under what conditions do marketers have no flexibility in price control?

Marketers have no flexibility in setting prices under conditions of


What is definition and examples of dependent variable and independent variable?

I'm doing a science project on if fingerprint patterns are inherited? what is the control, independent variable and dependent variable? An ''independent variable is a ''variable which is presumed to affect or determine a dependent ''variable. independent variable is typically the variable being manipulated or changed and the dependent variable is the observed result of the independent variable being manipulated.'''''' Example; In price and sales relationship one can manipulate price to check its effect on sales, so sale is dependent and price is independent variable.


What are the best methods that marketers use to sell products?

Marketers usually sell the most popular item a an almost cheap price a price that they think most people would buy for


Is price is independent variable or dependent variable?

dependent variable


Why price an independable variable and demand is dependent variable?

Because demand creates the price, and not the price dictates the demand.


Is the price of an item considered nominal variable?

No. It is a discrete quantitative variable.


Is the price of gas a constant or variable?

The price of gas is a variable, because the price changes from time to time. A constant would be something such as the number of fluid ounces in a gallon.


What is the key variable affecting demand?

price


The key variable affecting demand is?

price


Daily life examples about differential equations?

Here are two variablesDemand and Price, whereas Price is Independent variable &Demand is dependent variable, i.e. if price of something changes the demand will also be affected. Now simple Differential Equation isd (Demand)= constantd (Price)But keep in mind that Price is a function not a simple variable.


What philosophy in situations is when the product's cost is too high and marketers look for ways to improve production?

Price Optimization


What are the advantages of an imperfect market?

An imperfect market in which there is widespread price dispersion that can be exploited by marketers is more advantageous to businesses.