One of the Disadvantages Associated with Cost-Oriented Approaches to Pricing

question 63

Multiple Choice

One of the disadvantages associated with cost-oriented approaches to pricing is that:

• A)they give little consideration to supply factors.
• B)they are difficult to understand and implement.
• C)they fail to adequately reflect competition.
• D)they generally do not yield a good price decision.

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Definitions:

Analogy

A comparison between two things, typically for the purpose of explanation or clarification.

Conclusion

A conclusion is the final part of an argument or process, logically deduced from the premises or evidence presented.

Diamonds

A form of carbon, diamonds are renowned for their physical properties, particularly their hardness and optical dispersion, making them valuable for jewelry and industrial applications.

Cogent

The property of an inductive argument that is strong and whose premises are true.