The key to setting a final price for a product is finding an approximate price level to use as a reasonable starting point.Which of the following is one of four common approaches to selecting an approximate price level?
A)demand-oriented
B)cause-oriented
C)revenue-oriented
D)stakeholder-oriented
E)distribution-oriented

Question

Quizplus · Accepted Answer

Four common approaches to selecting an approximate price level are (1)demand-oriented,(2)cost-oriented,(3)profit-oriented,and (4)competition-oriented.

The Key to Setting a Final Price for a Product