Questions: Which of the following are NOT included in pricing consideration? price of warehousing and shipping price of materials and labor cost of running the production plant and/or office cost of living increases in the overall economy

The answer is the fourth one: cost of living increases in the overall economy.

Explanation for each option:

1. Price of warehousing and shipping: This is a direct cost associated with getting the product to the customer and is typically included in pricing considerations.

2. Price of materials and labor: These are fundamental components of the cost of goods sold and are crucial in determining the price of a product.

3. Cost of running the production plant and/or office: These are overhead costs that need to be covered by the pricing of the product to ensure the business remains profitable.

4. Cost of living increases in the overall economy: While this can indirectly affect pricing strategies (e.g., through increased wages or material costs), it is not a direct cost that businesses typically include in their pricing calculations. Instead, it is a broader economic factor that might influence long-term pricing strategies but is not a direct component of pricing consideration.

Summary: The cost of living increases in the overall economy are not directly included in pricing considerations, whereas the other options are direct costs that businesses typically account for when setting prices.