The Method of Setting Prices in Which Marketers Total All

question 121

Multiple Choice

The method of setting prices in which marketers total all the costs for the product and then add an amount to arrive at the selling price is called .

• A)target costing
• B)yield management pricing
• C)supply- based pricing
• D)demand- based pricing
• E)cost- plus pricing

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Definitions:

Rome

The capital city of Italy, rich in history and home to numerous archaeological and artistic treasures, pivotal in the development of Western civilization.

Cathedral of Florence

A renowned Gothic-style cathedral in Florence, Italy, known for its massive dome engineered by Filippo Brunelleschi.

Arnolfo di Cambio

A prominent Italian architect and sculptor of the late 13th to early 14th century, known for his work on the Florence Cathedral.

Architect

A professional who plans, designs, and oversees the construction of buildings, combining artistic vision with practical considerations.