Which of the Following Is the Most Elementary Pricing Method

question 79

Multiple Choice

Which of the following is the most elementary pricing method?

• A) value pricing
• B) going-rate pricing
• C) markup pricing
• D) target-return pricing
• E) perceived-value pricing

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Definitions:

Kilo-

A prefix in the metric system denoting a factor of one thousand.

Ounce

A unit of weight in the avoirdupois system, equal to 1/16 of a pound or approximately 28.35 grams.

Abbreviation

A shortened form of a word or phrase used to simplify written and verbal communication.

Pound

A unit of weight in the British imperial and the United States customary systems of measurement, equal to 16 ounces.