What other factors besides the base selling price established by pricing formulas must operators consider when setting menu prices

How much does price influence your decision to buy? Does it depend on the product? What services or products are you willing to pay more? Finally, what product categories are you willing to buy generic and hence pay a lower price?

Should prices reflect only the cost of making a product or delivering a service? Explain?

A firm wants to stop its sales agents from pricing too aggressively to make sales by requiring the agent to obtain a marketing manager’s permission to reduce price below a specific threshold. This solution would only work if   a) The marketing manager has no information about the matter at hand   b) The marketing manager can only get all the information on the case from the sales agent   c) Enough unbiased information is transferred to the manager to prevent an unprofitable price reduction   d) All of the above   Please clearly explain your answer

Please solve this questions quickly

Which pricing objectives will you use for your product? Consider the product life cycle, competition, and product positioning for your target market during your discussion. PlayStation