A Type of Strategic Pricing Based on Analytical Methods Is

question 32

Multiple Choice

A type of strategic pricing based on analytical methods is used to:

• A) Optimally determine the best price.
• B) Utilize knowledge of the sales life cycle in setting price.
• C) More accurately determine life cycle costs as a basis for setting price.
• D) Employ improved design methods that reduce cost and improve price.

---

Definitions:

Monthly

Relating to or occurring once a month; often used to describe payments, subscriptions, or reporting periods that happen once per month.

Advertising

The act of calling public attention to products, services, or needs through various forms of media, with the aim of influencing consumer behavior.

Profits

The financial gain obtained when the revenue from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.

Jeweler

A person or business that designs, makes, sells, and repairs jewelry and watches.