Which of the following is true of the advantages of cost-oriented pricing?
A) They yield similar prices and minimize price competition in most industries.
B) They clearly and adequately reflect competition.
C) They give adequate consideration to both supply and demand factors.
D) They are very simple to use and generally yield a good price decision.

Question

Quizplus · Accepted Answer

Cost-oriented pricing is based on the costs incurred by the company in producing and selling the product or service. It is a simple pricing method that is easy to use and generally yields a good price decision. However, it may not necessarily reflect competition or adequately consider supply and demand factors. Additionally, it may not differentiate a company's product from its competitors, leading to similar prices and minimizing price competition in most industries.

Which of the Following Is True of the Advantages of Cost-Oriented