Cost-oriented pricing of products takes into account the supply and demand for the product at various prices.

Name: Cost-oriented pricing of products takes into account the supply and demand for the product at various prices.
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

Cost-oriented pricing considers the cost of producing the product and adds a markup to determine the price, regardless of supply and demand. Supply and demand-based pricing is known as market-oriented pricing.

Cost-Oriented Pricing of Products Takes into Account the Supply and Demand