With profit-oriented approaches to pricing, a price setter may choose to balance both ________ and ________ to set price.
A) revenue; profit
B) tangible goods; services
C) costs; revenue
D) demand; supply
E) costs; demand

Question

Quizplus · Accepted Answer

Profit-oriented pricing involves setting prices based on the costs of production and the revenue needed to achieve desired profit levels.

With Profit-Oriented Approaches to Pricing, a Price Setter May Choose