Which of the following pricing approaches specifically considers the concept of elasticity of demand?
A) break-even pricing.
B) average-cost pricing.
C) markup pricing.
D) markdown pricing.
E) None of these considers the concept of elasticity of demand.

Question

Quizplus · Accepted Answer

None of the listed pricing approaches (break-even pricing, average-cost pricing, markup pricing, markdown pricing) specifically considers the concept of elasticity of demand. Elasticity of demand measures how demand for a product changes in response to a change in price, which is not the primary focus of these pricing strategies.

Which of the Following Pricing Approaches Specifically Considers the Concept