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You learned that other factors beside demand and costs can influence product prices. For example, whether or not a product is in the maturity stage

You learned that other factors beside demand and costs can influence product prices. For example, whether or not a product is in the maturity stage of PLC, whether or not there are other companies that sell similar products, OR whether or not consumers rely on a high price as a are other determinants of price beside demand and costs. predictor of good quality might affect pricing strategies. In other words the PLC, competition, and/or perceived quality D the consumer demand and perceived quality the PLC and competition the consumer demand, PLC, competition, and perceived quality the competition and perceived quality

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