Which of the Following Approaches to Pricing Considers That Customers

question 69

Multiple Choice

Which of the following approaches to pricing considers that customers may judge quality on the basis of pace?

• A) Demand-based pricing
• B) Profit-based pricing
• C) Competition-based pricing
• D) Supply-based pricing
• E) Cost-based pricing

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Definitions:

Stored-value Money

A type of electronic money that is stored on a card or a digital wallet, representing a claim on a predefined amount of currency.

Gift Cards

Prepaid stored-value money cards issued by a retailer or bank, used as an alternative to cash for purchases within a particular store or related businesses.

Electronic Checks

Electronic checks, or e-checks, are a form of digital payment where money is electronically withdrawn from the payer's checking account, transferred over the ACH network, and deposited into the payee's account.

B2B

Business-to-Business, describing transactions or relationships between two companies, as opposed to between a company and individual consumers.