_____ pricing methods consider estimated market response to alternative prices.
A) Cost-oriented
B) Supply-oriented
C) Competition-oriented
D) Demand-oriented

Question

_____ pricing methods consider estimated market response to alternative prices.
A) Cost-oriented
B) Supply-oriented
C) Competition-oriented
D) Demand-oriented

Quizplus · Accepted Answer

Demand-oriented pricing considers the estimated market response to alternative prices and is based on understanding consumer behavior and their willingness to pay for a product or service. It helps businesses set a price that maximizes profits while considering the customer's perception of the value of the product.

_____ Pricing Methods Consider Estimated Market Response to Alternative Prices