logo

Question detail

Which of the following factors is least likely to influence a retailer's price setting for a new product?

Try the question, check the answer, then read the explanation to understand the curriculum point.

At a glance

MCQ

Type

practice

Style

Topic

The elements of the marketing mix: price, product, promotion and place

Exam-style question

Try this first

Which of the following factors is least likely to influence a retailer's price setting for a new product?.

  1. A.Cost of production
  2. B.Market demand elasticity
  3. C.Competitor pricing
  4. D.The colour of the product packaging

Answer and explanation

Attempt the question first, then reveal the model answer and explanation.

Common mistake

No common mistake is linked to this question yet.

Related flashcards

No flashcards are published for this page yet.

Related practice questions

No questions are published for this page yet.