In _____, Marketers Determine Prices Based on What Consumers Are

question 45

Multiple Choice

In _____, marketers determine prices based on what consumers are willing to pay and then subtract their desired margins to yield target costs.

• A) cost-based pricing
• B) demand-based pricing
• C) gap-determined pricing
• D) fixed-margin pricing

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Definitions:

Communicating

The process of exchanging information between two or more devices or components in a system, often essential for the coordination and operation of industrial processes.

Electric Signals

Electrical impulses or waves that carry data or instructions between components in an electronic system, forming the basis of digital communication.

Signal Conditioning

The process of manipulating an analog signal in such a way that it meets the requirements for further processing, such as amplification or filtering.