Which of the following is a profit-oriented approach to pricing?
A)skimming pricing
B)target pricing
C)loss-leader pricing
D)target profit pricing
E)standard markup pricing

Question

Quizplus · Accepted Answer

Target profit pricing is a profit-oriented approach to pricing where the business sets a price to achieve a specific profit goal. The business determines the total profit it wants to earn and divides it by the expected sales volume to arrive at the target profit per unit. This approach ensures that the business earns a desired profit while setting a price that is competitive in the market.

Which of the Following Is a Profit-Oriented Approach to Pricing