With ____,a product's allowable cost is strictly a function of what a market segment is willing to pay less the profit goals for the product.

Question

Quizplus · Accepted Answer

This describes target pricing, which is a pricing strategy that involves determining the price based on what a specific market segment is willing to pay, minus the profit goals for the product. Penetration pricing involves setting a low price to enter a new market, market-share pricing involves pricing based on the company's desired market share, competition pricing accounts for the prices of competitors, and revenue pricing involves setting prices to maximize revenue. None of these other options fit the description given in the question.

With ____,A Product's Allowable Cost Is Strictly a Function of What