FIGURE 12-1
-Figure 12-1 above represents the four approaches for selecting an appropriate price level.Cubicle "A" represents which approach to finding the approximate price level according to the items listed in the cell?
A)demand-oriented approach
B)cost-oriented approach
C)profit-oriented approach
D)competition-oriented approach
E)profit-equation approach

Question

FIGURE 12-1 
-Figure 12-1 above represents the four approaches for selecting an appropriate price level.Cubicle "A" represents which approach to finding the approximate price level according to the items listed in the cell?
A)demand-oriented approach 
B)cost-oriented approach 
C)profit-oriented approach 
D)competition-oriented approach 
E)profit-equation approach

Quizplus · Accepted Answer

Cubicle "A" lists factors related to customer demand, such as customer preferences and their ability and willingness to pay. This aligns with the demand-oriented approach to determining price levels.

FIGURE 12-1 -Figure 12-1 Above Represents the Four Approaches for Selecting an for Selecting