Which of These Is the Main Disadvantage of Market-Based Pricing

question 86

Multiple Choice

Which of these is the main disadvantage of market-based pricing?

• A) Subjectivity of market demand
• B) Inability to operate profitably
• C) Difficulty in estimating market demand and prices
• D) Tendency to make poor decisions relative to cost-based pricing

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Definitions:

Foramen Magnum

The large opening at the base of the skull through which the spinal cord passes to connect with the brain.

Bipedalism

The ability to walk on two legs, a characteristic feature of humans and our ancestors that allows for a range of motion and energy efficiency.

Hominids

A family of primates that includes humans, their ancestors, and other extinct related species, characterized by bipedalism, large brains, and complex behavior.

Cerebrum

A large, convoluted subdivision of the vertebrate brain; in humans, it functions as the center for learning, voluntary movement, and interpretation of sensation.