Which of the following describes an advantage associated with cost-oriented approaches to pricing?
A) Its methods have direct relationship to what people will be willing to pay for the product.
B) They clearly and adequately reflect competition.
C) They give adequate consideration to both supply and demand factors.
D) They are very simple to use and generally yield a good price decision.

Question

Quizplus · Accepted Answer

Cost-oriented approaches to pricing have the advantage of simplicity, and many practitioners believe that they generally yield a good price decision.

Which of the Following Describes an Advantage Associated with Cost-Oriented