This Method of Pricing Involves Pricing the Product Based on How

question 68

Multiple Choice

This method of pricing involves pricing the product based on how it benefits the customers:

• A)target-return pricing
• B)customer-led pricing
• C)value-based pricing
• D)benefit pricing

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Definitions:

Accuracy

The degree to which the result of a measurement, calculation, or specification conforms to the correct value or a standard.

Specifying

The process of identifying and detailing exact requirements or features.

Planning

The process of setting objectives, determining strategies to achieve those objectives, and developing plans to integrate and coordinate activities.