The Pricing Strategy That Begins with the Determination of a Price

question 61

Multiple Choice

The pricing strategy that begins with the determination of a price at which a product will sell and then focuses on developing a cost structure for the product that will yield a profit is known as:

• A) cost-plus pricing.
• B) prestige pricing.
• C) developmental pricing.
• D) target costing.

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Definitions:

Formal Meetings

Formal meetings are planned gatherings with a set agenda, where members of an organization come together to discuss and make decisions on various topics in a structured manner.

Managing A Corporation

The process of overseeing the operations and making strategic decisions for a corporation, typically involving tasks such as planning, organizing, directing, and controlling resources.

Board Of Directors

A group of elected individuals who oversee the activities and governance of a corporation or organization.

Corporate Officers

Individuals appointed to manage the day-to-day operations and major decisions of a corporation, such as CEOs, CFOs, and COOs.