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External factors that affect pricing decisions include market demand, competition, and economic conditions. Changes in consumer preferences or trends can influence how much customers are willing to pay. Additionally, competitor pricing strategies and the overall economic environment, such as inflation or recession, can significantly impact pricing strategies. Regulatory factors and supply chain costs also play a crucial role in determining prices.
What else can I help you with?
Why is it important that decision makers in a corporation know the cost function for producing the companies' products?
Decision makers should know a product's cost function if their decisions affect the amount of product produced. To know the cost impact of their decisions, decision makers apply the cost function to each possible volume of production. This is important in many decisions, such as pricing decisions, promotion and advertising decisions, sales staff deployment decisions, and many more decisions that affect the volume of product that the company produces.
What is conversion cost pricing?
Pricing is based on direct labor and overhead. Materials does not affect pricing. Example: Your customer provides materials used in production.
What is the disadvantage of budgeting?
Distortion is caused by cash budgets. Influence of non-financial factors will also affect the final decisions when it comes to cash budgets. Cash budgets are vulnerable to manipulations. The major disadvantage is that cash budget relies on estimates.
What is the disadvantages of cash budgets?
Distortion is caused by cash budgets. Influence of non-financial factors will also affect the final decisions when it comes to cash budgets. Cash budgets are vulnerable to manipulations. The major disadvantage is that cash budget relies on estimates.
What factors do affect a companys debt levels?
One of the factors that may affect a company's debt level is management. Another factor that may affect debt levels is whether the company is making profits or not.
What is external factors affecting pricing?
Mostly competitor external prices affect pricing.
What factors usually affect pricing?
What factors usually affect pricing?
What are the internal factors which will affect what you charge?
Internal factors that may affect pricing decisions include production costs, desired profit margins, company goals and objectives, pricing strategy, and the need for cash flow. Additionally, factors such as brand positioning, market positioning, and product differentiation can also influence pricing strategies.
What are the internal and external factors that affect pricing?
Internal factors affecting pricing include production costs, company objectives, marketing strategies, and overall financial goals. External factors encompass market demand, competition, economic conditions, and regulatory influences. These elements interact to shape a company's pricing strategy, ensuring it aligns with both internal capabilities and external market realities. Balancing these factors is crucial for achieving profitability and market competitiveness.
List and discuss the factors outside the company that will affect the pricing decisions of an existing independent mobile telephone service provider in the Australian market?
list two factors that affect the price of a good or service
Factors affecting pricing decision?
There are various factors that affect the pricing decisions of a company. Customer, competition, economical factor's such as weak buying power or recission and the host govt laws. Besides these factors internal factors of companies are also affectimg the priciog decision.
What factor affect price?
What factors usually affect pricing?
What are the various factors that affect the pricing of a product?
the pricing of a product is largely depended on the two main factors : - 1. Internal like cost of production profit margin etc 2. External like type of market, general economic conditions, competitors, nature of the product etc.
What are the main factors that affect product pricing?
The main factors that affect product pricing include production costs, which encompass materials, labor, and overhead; market demand, which influences how much consumers are willing to pay; competition, which can drive prices up or down based on rival offerings; and perceived value, which reflects how consumers view the product's quality and benefits. Additionally, external factors such as economic conditions, regulatory changes, and seasonal trends can also impact pricing strategies.
Describe the seven external factors that affect marketing Discuss the advantages and disadvantages of one external factor when it comes to marketing your product or service?
Describe the seven external factors that affect marketing and business
What are factors that affect a product price?
"What factors affect the pricing of Fast Moving Consumer Goods?"
What external factors affect marketing strategy?
There are many external and environmental factors that affect marketing. Some of these include economy, government, supply lines, and consumer trends.
