Final answer:
Store brands consider competition, supply, and demand as pricing factors when pricing against name brands.
Step-by-step explanation:
When store brands price against name brands, they consider competition, supply, and demand as the pricing factors.
Competition plays a crucial role in determining the pricing strategy. Store brands often price their products lower than name brands to attract customers away from the competition.
Supply and demand also come into play. If the store brand has a higher supply and lower demand compared to the name brand, they may price their products lower to entice customers to choose their brand.
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