Which of the following refers to the expected functioning of a product relative to the cost to buy and use it?

Question

Quizplus · Accepted Answer

Cost-performance refers to how effectively a product performs in relation to its cost. This is a key consideration for consumers when deciding whether to purchase a product. Cost-plus pricing (A) is a pricing strategy in which a company adds a markup to its products based on its production costs. Premium pricing (B) is a strategy where a company sets a high price for its products to convey a sense of exclusivity and high quality. Inventory profit (D) refers to the profit earned by selling products from existing inventory, and is not related to the expected functioning of a product relative to its cost.

Which of the Following Refers to the Expected Functioning of a Product