A company that produces standard items for a competitive market should have the same pricing strategies as a company that makes unique items custom-designed for its customers.

Question

Quizplus · Accepted Answer

A company that produces standard items for a competitive market will typically use a market-oriented pricing strategy, while a company that makes unique items custom-designed for its customers will typically use a value-based pricing strategy. Therefore, the two companies would have different pricing strategies.

A Company That Produces Standard Items for a Competitive Market