Which of the Following Is NOT One of the Four

question 66

Multiple Choice

Which of the following is NOT one of the four general approaches to pricing:

• A)Demand oriented
• B)Cost oriented
• C)Competition oriented
• D)Break-even oriented

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Definitions:

Market

Any structured system or venue where parties engage in exchange of goods, services, or information.

Price Ceiling

A legally established maximum price that can be charged for a good or service, intended to protect consumers from high prices.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price.

Government

A system or group of people governing an organized community, often a state.