Demand-backward pricing is commonly used by producers of consumer products, especially shopping products such as women's clothing and appliances.

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Demand-backward pricing involves setting the price of a product based on the demand for it rather than the cost of production. This strategy is often used by producers of consumer products like clothing and appliances to attract customers who are willing to pay a premium for their goods.

Demand-Backward Pricing Is Commonly Used by Producers of Consumer Products