Experience-curve pricing is considered to be a ________ approach to pricing.
A) demand-oriented
B) cost-oriented
C) profit-oriented
D) competition-oriented
E) service-oriented

Question

Quizplus · Accepted Answer

Experience-curve pricing is a cost-oriented approach because it is based on the idea that as a company gains experience in production, its costs will decrease, allowing it to set lower prices.

Experience-Curve Pricing Is Considered to Be a ________ Approach to Pricing