The Steps in Customer Oriented Pricing Are Beneficial in That

question 8

Multiple Choice

The steps in customer oriented pricing are beneficial in that they:

• A)help distinguish between "carriage trade" and "bargain basement" customers
• B)serve as a decision-making framework for pricing in the high-tech environment
• C)allow the marketer to make a quick and easy pricing decision
• D)provide the marketer with a greater understanding of the customer's cost limitation
• E)ensure profitability based on cost versus price

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Definitions:

Economics

The social science that studies how individuals, businesses, governments, and societies make choices on allocating resources to satisfy their wants and needs.

Monetary Rewards

Financial benefits given to individuals or groups as a form of compensation or incentive.

Fairness

Fairness in economics involves equitable access to resources, opportunities, and equitable treatment of individuals within the market and distribution processes.

Willing

The state of being prepared to do something; readiness.