Cost-oriented pricing considers the firm's desire to make a profit and takes into account the need to cover production costs.

Name: Cost-oriented pricing considers the firm's desire to make a profit and takes into account the need to cover production costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cost-oriented pricing involves setting prices based on the production costs of a product or service, while also taking into consideration the firm's desire to make a profit. Hence, the statement is true.

Cost-Oriented Pricing Considers the Firm's Desire to Make a Profit