When Insight Research Associates quotes a marketing research project,management will first estimate the cost to conduct the research and produce and deliver the final client report.The next step in determining the price is to add 30% to that cost estimate.This becomes the price estimate given to the potential research client.This suggests that Insight Research Associates uses a(n) _____ pricing objective.
A) profit-oriented
B) market share maximization
C) status quo
D) sales maximization
E) supply-demand equalization
Correct Answer:
Verified
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