Which of the following types of price determination methods uses the price of producing and marketing the product as the basis for determining price?
A) Cost-oriented
B) Supply-oriented
C) Competition-oriented
D) Demand-oriented

Question

Quizplus · Accepted Answer

Cost-oriented pricing method uses the cost of producing and marketing the product as the basis for determining price. The product's cost is calculated, and a profit markup is added to arrive at the final selling price.

Which of the Following Types of Price Determination Methods Uses