The pricing approach that bases its prices on how it believes competitors will price rather than on its own costs or demand estimates is known as:
A) going rate pricing.
B) sealed- bid pricing.
C) economic value pricing.
D) value- based pricing.
E) break- even pricing.

Question

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The Answer of The pricing approach that bases its prices on how it believes competitors will price rather than on its own costs or demand estimates is known as:
A) going rate pricing.
B) sealed- bid pricing.
C) economic value pricing.
D) value- based pricing.
E) break- even pricing.

The Pricing Approach That Bases Its Prices on How It