A type of strategic pricing based on analytical methods is used to:
A) Optimally determine the best price.
B) Utilize knowledge of the sales life cycle in setting price.
C) More accurately determine life cycle costs as a basis for setting price.
D) Employ improved design methods that reduce cost and improve price.

Question

Quizplus · Accepted Answer

The use of analytical methods for strategic pricing allows for an optimal determination of the best price based on factors such as costs, competition, and customer demand.

A Type of Strategic Pricing Based on Analytical Methods Is