With profit-oriented approaches to pricing, a price setter may choose to balance both __________ and __________ to set price.
A)revenue; profit
B)tangible goods; services
C)cost; revenue
D)demand; supply
E)cost; demand

Question

Quizplus · Accepted Answer

With profit-oriented approaches, the price setter aims to maximize profits by balancing the cost of production with the revenue generated from sales. Therefore, the correct answer is C - cost and revenue. Choices A, B, D, and E do not accurately reflect the key variables that are considered in profit-oriented pricing.

With Profit-Oriented Approaches to Pricing, a Price Setter May Choose