Which statement is true concerning target pricing?
A)Target pricing is based on customers' perceived value for the product.
B)Target pricing is illegal under Federal law.
C)Target pricing is anti-competitive.
D)Target pricing is the same as predatory pricing.

Question

Quizplus · Accepted Answer

Target pricing is a pricing strategy where the price is set based on the customers' perceived value for the product. It is not illegal under Federal law, nor is it anti-competitive. Predatory pricing, on the other hand, is a pricing strategy where a company sets its prices so low that it drives out competitors and creates a monopoly. This is different from target pricing.

Which Statement Is True Concerning Target Pricing