List and explain the five components that should be taken into consideration when a company is developing its pricing objectives.

Must be one page minimum!! Be sure to fully and completely answer each question. I am not looking for your to regurgitate what is in the textbook. Rather, students who analyze, synthesize, and evaluate course material and are able to effectively articulate the information indicating understanding, will earn higher grades.

Please respond to the following questions:

1. List and explain the five components that should be taken into consideration when a company is developing its pricing objectives. Write a sentence or two (or short paragraph) for each of the five components.

2. Differentiate between the four levels of competition and offer an example of each type.

3. Give examples of the kinds of information flows that take place between a store and its consumers, a distribution center, and a warehouse, using a sentence or two for each example.

4. Why does conflict arise in the supply chain? How do partnering relationships help to reduct conflict?

Please write your answers with an academic tone. That is, use full sentences and paragraphs and without bullet points or numbered lists. Provide a list of items only when the question specifically requires you to provide a list. Do not use contractions in formal writing. Use proper grammar, syntax, and spelling.