The Most Common Cost-Based Approach to Pricing Is ________

question 39

Multiple Choice

The most common cost-based approach to pricing is ________.

• A) demand-based pricing
• B) psychological pricing
• C) yield management pricing
• D) cost-plus pricing
• E) high/low pricing

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Definitions:

Starch

Coiled polysaccharide of glucose monomers. Principal form of stored sugars in plants.

Fatty Acid

Organic compound that consists of an acidic carboxyl group “head” and a long hydrocarbon “tail.” Can be saturated or unsaturated.

Hydrophilic

Describes a substance that dissolves easily in water.

Carboxyl Group

A functional group consisting of a carbon atom double-bonded to an oxygen atom and single-bonded to a hydroxyl group (-COOH), found in organic acids.