The demand-oriented method for setting retail prices is not designed:
A) to be consistent with the marketing concept
B) to be easy to implement
C) to consider the wants and needs of the target market
D) to achieve target levels of profits
E) to be used to determine profit-maximization prices

Question

Quizplus · Accepted Answer

The demand-oriented method focuses on understanding consumer demand and setting prices accordingly, which may not always be easy to implement due to the complexity of accurately assessing consumer preferences and demand elasticity.

The Demand-Oriented Method for Setting Retail Prices Is Not Designed