With Profit-Oriented Approaches to Pricing, a Price Setter May Choose

question 18

Multiple Choice

With profit-oriented approaches to pricing, a price setter may choose to balance both ________ and ________ to set price.

• A) revenue; profit
• B) tangible goods; services
• C) costs; revenue
• D) demand; supply
• E) costs; demand

---

Definitions:

Customer Tastes

Refers to the preferences, attitudes, and beliefs of consumers that influence their buying behavior for certain products and services.

Technology-Related

Pertaining to or involving technology, especially relating to advancements or applications in the field.

Commissions Earned

Income received by salespersons or brokers as a percentage of the sales they make, serving as motivation and compensation for their sales efforts.

Revenues

The total income generated by a company from its business activities.