Which of the Following Describes an Advantage Associated with Cost-Oriented

question 33

Multiple Choice

Which of the following describes an advantage associated with cost-oriented approaches to pricing?

• A) Its methods have direct relationship to what people will be willing to pay for the product.
• B) They clearly and adequately reflect competition.
• C) They give adequate consideration to both supply and demand factors.
• D) They are very simple to use and generally yield a good price decision.

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Definitions:

CRM

Stands for Customer Relationship Management; a technology for managing a company's relationships and interactions with current and potential customers.

Inventory Management

The process of ordering, storing, and using a company's inventory, including the management of raw materials, components, and finished products.

Calendar Management

Scheduling appointments, telephone calls, or “to-do” lists.

Increased Use

A strategy aiming to encourage existing customers to use more of a product or service.