Which of the following statements regarding cost-oriented approaches is most accurate?
A) These methods focus on the demand side of the pricing problem.
B) These methods account for production, marketing, and overhead expenses.
C) Skimming is an example of a cost-oriented method.
D) These methods are simple to use because costs predictably decrease with each doubling of production.
E) Cost-oriented approaches are a subcategory of competition-oriented methods.

Question

Quizplus · Accepted Answer

Cost-oriented approaches focus on covering production, marketing, and overhead expenses to determine pricing.

Which of the Following Statements Regarding Cost-Oriented Approaches Is Most