Question: Which statement about consumer demand as a pricing constraint is most accurate? Multiple Choice The number of potential buyers generally affects the price a seller
Which statement about consumer demand as a pricing constraint is most accurate?
Multiple Choice
The number of potential buyers generally affects the price a seller can charge.
The number of potential buyers for the product affects the price a seller can charge, but only if the product is a necessity item.
The price charged by competitors for similar offerings has little effect on the price a seller can charge unless there are very few potential buyers.
The number of potential buyers for the brand affects the price a seller can charge in the growth stage of a product life cycle, but not in the introductory stage.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
