What Are the Three Categories of Pricing Objectives for Services

question 56

Multiple Choice

What are the three categories of pricing objectives for services?

• A)sales, quality, and location oriented
• B)quality, value, and consumer oriented
• C)revenue, operations, and patronage oriented
• D)turnover, volume, and capacity oriented

---

Definitions:

Quality Control

The process of ensuring that products and services meet customer expectations and regulatory requirements through consistent monitoring and evaluation.

SWOT Analysis

A strategic planning tool used to identify a company's Strengths, Weaknesses, Opportunities, and Threats.

Situation Analysis

The process of collecting and evaluating information about an organization's internal and external environment to understand its current context and identify opportunities and threats.

Industry Analysis

Industry analysis involves examining the dynamics, trends, and competitive landscape of a specific industry to inform strategic planning and decision-making.