Which of the Following Pricing Techniques Is Most Sensitive to Customers

question 123

Multiple Choice

Which of the following pricing techniques is most sensitive to customers' responses to price?

• A)cost-plus percentage-of-cost pricing
• B)experience curve pricing
• C)cost-plus fixed-fee pricing
• D)standard markup pricing
• E)target pricing

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Definitions:

Scientific Management

A management theory developed by F.W. Taylor, emphasizing efficiency and productivity by systematically studying work processes and establishing standards.

Vertical Loading

Vertical Loading is a job design technique that involves adding more responsibilities and decision-making authority to an employee's role.

Overspecialized Work

Work that is highly focused or narrow in scope, potentially limiting a person’s skills and adaptability to other professional areas.

Task Activities

Specific actions or operations performed by individuals or groups to achieve a particular objective.