Which of the Following Statements Is True of Demand-Based Pricing

question 117

Multiple Choice

Which of the following statements is true of demand-based pricing?

• A) It is less risky than cost-based pricing.
• B) It is more market-focused than cost-based pricing.
• C) It involves layering the profit margin on the cost of a product to determine its price.
• D) It begins by determining the actual cost of each product.

---

Definitions:

Allotropes

Different forms of the same element in the same physical state with different structures and properties.

Atomic Mass Number

The total number of protons and neutrons in the nucleus of an atom, determining its mass.

Atomic

Relating to atoms, the smallest constituent unit of ordinary matter that constitutes a chemical element.

Mass Number

The total number of protons and neutrons in an atom's nucleus.