A Method of Determining the Cost of a Product or Service

question 145

Short Answer

A method of determining the cost of a product or service based on the price that customers are willing to pay is called ________________.

---

Definitions:

Centralization

The organizational structure where decision-making authority is concentrated at the top levels of management and little autonomy is given to lower levels.

Across Cultures Competency

The capacity to comprehend, converse with, and successfully engage with individuals from diverse cultural backgrounds.

Eureka

An exclamation used to express delight on finding or discovering something.

Electrolux AB

A leading global appliance company known for its various home and professional-use products, including refrigerators, dishwashers, washing machines, and vacuum cleaners.