The Pricing Strategy That Begins with the Determination of a Price

question 137

Multiple Choice

The pricing strategy that begins with the determination of a price at which a product will sell and then focuses on developing a cost s

• A) cost-plus pricing.
• B) prestige pricing.
• C) developmental pricing.
• D) target costing.

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Definitions:

Management Changes

Modifications or adjustments made to the structure, policies, or procedures of an organization's management.

Intrapreneurship

The practice of entrepreneurship within an existing organization, where employees are encouraged to develop and pursue innovative ideas.

Negative Feedback

A mechanism, typically found in biological and mechanical systems, where the system's output acts to reduce or dampen the processes leading to the output, thus stabilizing the system.

Customer and Market Changes

Shifts in consumer preferences or market dynamics that can impact businesses, requiring adaptation to new trends, demands, or competitive landscapes.