Question

What is not considered to be a major area of consideration in a manufacturer's pricing decision:

competitive consideration

internal cost consideration

target market considerations

channel considerations

all are considered important considerations

Answer 1

All are considered important considerations in a manufacturer's pricing decision

> Competition has to be considered and price has to be set accordingly. If the price is too high compared to competition, customers would prefer competitor products

> Internal costs have to be considered for the products to be profitable. One cannot price a product less than the cost incurred

> Target market considerations are important so that customers would feel us relevant. If customers are fine with paying higher price we can price products more and earn more profit

> Channel considerations are important to ensure that channel partners have sustained earnings.