______ is the degree to which both businesses and customers believe that the pricing is reasonable.
A)Lowest-cost pricing
B)Loss-leader pricing
C)Customer-led pricing
D)Fair pricing

Question

Quizplus · Accepted Answer

The degree to which both businesses and customers believe that the pricing is reasonable is referred to as fair pricing. Lowest-cost pricing refers to setting prices based on the lowest possible cost of production, while loss-leader pricing involves setting prices below cost in order to attract customers. Customer-led pricing is a pricing strategy that involves letting customers determine the price they are willing to pay for a product or service.

______ Is the Degree to Which Both Businesses and Customers