Cost-based pricing ________.
A) uses a software to generate the ideal price for each item
B) introduces a new product at a very low price
C) is based on customer perceptions of cost
D) doesn't consider factors such as customer demand
E) uses a high price for a new product during the introductory stages

Question

Quizplus · Accepted Answer

A)Cost-based pricing is simple, but it suffers from a major weakness: It doesn't consider any external factors such as customer demand or competitive prices.
B)Cost-based pricing is simple, but it suffers from a major weakness: It doesn't consider any external factors such as customer demand or competitive prices.
C)Cost-based pricing is simple, but it suffers from a major weakness: It doesn't consider any external factors such as customer demand or competitive prices.
D)Cost-based pricing is simple, but it suffers from a major weakness: It doesn't consider any external factors such as customer demand or competitive prices.
E)Cost-based pricing is simple, but it suffers from a major weakness: It doesn't consider any external factors such as customer demand or competitive prices.

Cost-Based Pricing ________