Figure 14-2 Above Represents the Four Approaches to Selecting an Appropriate

question 368

Multiple Choice

Figure 14-2 above represents the four approaches to selecting an appropriate price level."C" includes target profit and target return on sales so it represents which approach?

• A)demand-oriented approach
• B)profit-oriented approach
• C)competition-oriented approach
• D)cost-oriented approach
• E)results-oriented approach

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Definitions:

Collectivist

A cultural or societal framework that emphasizes the interdependence of individuals within their communities and values the needs and goals of the group over those of the individual.

Melting Pot

A metaphor for a society where many different types of people blend together as one.

Group

A number of individuals or things that are located, gathered, or classed together, often working towards common goals.

Clay Object

An item or artifact made from clay, shaped and often hardened by heat, used in various artistic and practical applications.