Asked by
Chandra Smith
on Nov 17, 2024
Verified
Which of the following price-setting methods considers the price that other providers charge for the same product?
A) demand-based method
B) total cost method
C) cost-plus method
D) competition-based method
Competition-Based Method
A method of price setting based on the price offered by competitors.
Price-Setting Methods
Various strategies and techniques businesses use to determine the selling price of their goods or services.
- Assess the role of competition-based pricing in setting product prices.
Verified Answer
SD
Learning Objectives
- Assess the role of competition-based pricing in setting product prices.
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