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

question 220

Multiple Choice

Which of the following is a profit-oriented approach to pricing?

• A)skimming pricing
• B)target pricing
• C)loss-leader pricing
• D)target return-on-investment pricing
• E)standard markup pricing

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Definitions:

Unauthorized Act

An action taken by an individual or entity without proper authority or permission, potentially leading to legal consequences.

Agent

An individual or entity authorized to act on behalf of another, often in business or legal matters.

Implied Authority

The power assumed to be granted to an agent as part of their role, even though it is not explicitly stated in their contract or agreement.

Agent

An individual or entity authorized to act on behalf of another (the principal), creating a legal relationship and engaging in activities under the control of the principal.