Which of the Following Is a Competition-Oriented Approach to Pricing

question 57

Multiple Choice

Which of the following 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

---

Definitions:

Collateral

Property or assets pledged by a borrower to secure a loan, subject to seizure on default.

Third-Party Beneficiary

A person who is not a party to a contract but who has the right to enforce it because the parties to the contract made the contract with the intent to benefit him.

Implied

Something not explicitly stated but understood to be included or involved through indirect indications or logical inference.

Statute of Frauds

A legal concept that requires certain types of contracts to be in writing and signed by the party to be charged, in order to be enforceable.