Which of These Is a Competition-Oriented Approach to Pricing

question 299

Multiple Choice

Which of these is a competition-oriented approach to pricing?

• A) skimming pricing
• B) target pricing
• C) customary pricing
• D) target return-on-sales pricing
• E) standard markup pricing

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Definitions:

Complementary Goods

Products or services that are typically used together, where the demand for one increases the demand for the other.

Income Effect

The change in an individual's or economy's income and how that change will affect the quantity demanded of a good or service.

Maintenance

The routine process of keeping equipment, systems, or infrastructure in working order and preventing its deterioration.

Older-Model Computers

Computers from previous generations that may not have the latest technology or features but are still functional for certain tasks or uses.