Considering pricing objectives and constraints and choosing among pricing approaches are included in which step in setting a final price for a product?
A)set list or quoted price
B)select an approximate price level
C)scan competitors for prices of similar products or services
D)determine cost,volume,and profit relationships
E)make adjustments to the list price

Question

Quizplus · Accepted Answer

Considering pricing objectives and constraints and choosing among pricing approaches are a part of the second step in setting a final price, which is selecting an approximate price level. This step comes before setting a list or quoted price, scanning competitors for prices of similar products or services, determining cost, volume, and profit relationships, and making adjustments to the list price.

Considering Pricing Objectives and Constraints and Choosing Among Pricing Approaches