Which of the following is an advantage of the demand-oriented method of pricing?
A) it keeps the retailer in line with competitors' prices
B) it allows retailers to determine which price will provide the greatest profit
C) it opens the doors to the profit maximization process
D) it is hard to implement
E) it is the perfect method when there are many SKUs to price

Question

Quizplus · Accepted Answer

The demand-oriented method of pricing allows retailers to consider the demand of the product and price it accordingly to maximize profits. This means that they can determine which price will provide the greatest profit for a particular product, giving them an advantage over other pricing methods. Options A, C, D, and E are either incorrect or not necessarily advantages of the demand-oriented method of pricing.

Which of the Following Is an Advantage of the Demand-Oriented