Setting a Market Price for a Product or Product Class

question 343

Multiple Choice

Setting a market price for a product or product class based on a subjective feel for the competitors' price or market price as the benchmark is referred to as

• A)customary pricing.
• B)above-, at-,or below-market pricing.
• C)traditional markup pricing.
• D)complementary pricing.
• E)experience curve pricing.

---

Definitions:

Same-Gender

Relating to or involving individuals of the same sex.

Other-Gender

A term used to refer to genders other than the one a person identifies with, especially in contexts discussing gender diversity and inclusivity.

Sexually Harassed

Experiencing unwelcome sexual advances, requests for sexual favors, or other verbal or physical conduct of a sexual nature.

LGBT Students

Learners who identify as lesbian, gay, bisexual, transgender, or questioning, facing unique social and educational challenges.