FIGURE 12-1
-Figure 12-1 above represents the four approaches for selecting an appropriate price level.Cubicle "D" 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 "D" 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 "D" represents the competition-oriented approach, which focuses on setting prices based on competitors' prices rather than on demand, cost, or profit considerations.

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