Which pricing strategy lacks incentives for businesses to reduce their operating costs, is not based on consumer demand, and makes it difficult to adjust prices when input costs rise ?

Question

Quizplus · Accepted Answer

Cost-based pricing does not take into account consumer demand and may not provide incentives for businesses to reduce their operating costs. It also makes it difficult to adjust prices when input costs rise.

Which Pricing Strategy Lacks Incentives for Businesses to Reduce Their