This Approach to Pricing, in Which the Price Charged to the Customer

question 11

Multiple Choice

This approach to pricing, in which the price charged to the customer or client is set to cover what it costs the organization to produce or provide it, is called:

• A) cost-oriented pricing.
• B) value-based pricing.
• C) competition-oriented pricing.
• D) price discrimination.

---

Definitions:

Public Policy

Public policy encompasses the laws, regulations, actions, and decisions of government that reflect the attitudes and rules for the public.

Assignment and Subleasing

Legal arrangements that allow a tenant to transfer their lease interest to another party, either completely (assignment) or partially (subleasing).

Ambiguous Contract Language

Refers to vague or unclear terms within a contract that can lead to different interpretations by the parties involved.

One-Year Lease

A rental agreement that gives a tenant the right to occupy a property for a period of 12 months.