Which type of pricing approach with a supplier use in a competitive market?
A)Cost plus.
B)Target pricing.
C)Target costing.
D)Market price.

Question

Quizplus · Accepted Answer

In a competitive market, a supplier would typically use market price pricing approach to stay competitive with other suppliers and attract customers. This involves setting prices based on the current market conditions and what competitors are charging for similar products or services. This approach ensures that the supplier is neither overpricing nor underpricing their products, which would impact their sales and profitability.

Which Type of Pricing Approach with a Supplier Use in a Competitive