In ________,The Price of a Product Is Set to Provide

question 11

Multiple Choice

In ________,the price of a product is set to provide customers with an attractive savings after considering the life-cycle costs of acquiring,owning,using,maintaining,and disposing of a product.

• A)value-in-use pricing
• B)customerization value pricing
• C)perceived-value pricing
• D)performance-based pricing
• E)cost-based pricing

---

Definitions:

Credit Availability

The ease with which individuals or businesses can obtain loans or credit.

Cash Discounts

The amount by which a seller is willing to reduce the invoice price in order to be paid immediately, rather than in the future. A cash discount might be 2/10, net 30, which means a 2% discount if the bill is paid within 10 days, otherwise the entire amount is due within 30 days.

Delayed Payment

Delayed Payment is a payment made after the originally agreed-upon due date, often subject to additional fees or interest charges.

Credit Policy

Guidelines that a company follows to determine the creditworthiness of customers, the terms of credit to offer, and how to collect payments.