The most widely practiced retail pricing technique is ________.
A) cost-oriented pricing
B) prestige pricing
C) competition-oriented pricing
D) demand-oriented pricing

Question

Quizplus · Accepted Answer

Cost-oriented pricing is the most widely practiced retail pricing technique because it involves setting prices based on the costs of producing, distributing, and selling the product plus a fair rate of return for its effort and risk. This method is straightforward and ensures that all costs are covered and a profit margin is achieved.

The Most Widely Practiced Retail Pricing Technique Is ________