The Most Commonly Used Pricing Method for Business Products Is

question 8

Multiple Choice

The most commonly used pricing method for business products is

• A) target return on investment.
• B) customary.
• C) standard markup.
• D) target profit.
• E) cost-plus pricing.

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Definitions:

Robert Sternberg

An American psychologist known for his work on intelligence, creativity, wisdom, and love, including the development of Sternberg's Triangular Model of Love.

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The quality of language in which words are used as symbols for objects, events, or ideas.

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A thought process that attempts to generate multiple solutions to problems.

Convergent Thinking

A thought process that narrows in on the single best solution to a problem.