Which of the following is not a factor affecting price determination?
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → Order processing
Factors that affect price determination include:
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Marketing methods used → Distribution channels, promotion, etc. influence price.
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Pricing objectives → Such as survival, profit maximization, or market share.
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Government and legal regulations → Price controls, taxes, and legal restrictions affect pricing.
Order processing, however, relates to the logistics function (executing sales orders, shipping, delivery) and does not directly influence price determination.