Which Type of Pricing Approach with a Supplier Use in a Competitive

question 30

Multiple Choice

Which type of pricing approach with a supplier use in a competitive market?

• A)Cost plus.
• B)Target pricing.
• C)Target costing.
• D)Market price.

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Definitions:

Full Employment

A situation in an economy where all available labor resources are being used in the most efficient way possible, typically characterized by very low unemployment.

Depreciates

Describes a decrease in value over time, often used in reference to currency or physical assets.

Imports

Goods and services purchased from other countries and brought into a country.

Inflation

The speed at which the overall price level for goods and services increases, thereby diminishing buying power.