The Strategy of First Determining What the Market Is Willing

question 272

Multiple Choice

The strategy of first determining what the market is willing to pay, then subtracting a desired profit margin to determine a desired cost of production is called

• A) cost-based pricing.
• B) target costing.
• C) penetration pricing.
• D) skimming pricing.

---

Definitions:

Confluence

The joining together of two or more things, often referring to the merging of ideas, cultures, or rivers.

Life's Purpose

Life's purpose refers to the underlying intentions or objectives that an individual sees as significant and motivating for their existence, contributing to their sense of meaning and fulfillment.

Angst

A profound and deep-seated feeling of anxiety or dread often associated with the human condition or the state of the world in general.

Thrown-ness

A concept in existential philosophy, particularly associated with Martin Heidegger, referring to the arbitrary circumstances into which a person is born and finds themselves.