Asked by Tishera Brooks on Jun 04, 2024
Verified
Sets the price according to demand
A) Demand-based concept
B) Competition-based concept
C) Product cost concept
D) Target costing
E) Production bottleneck
Demand-Based Concept
A pricing strategy where prices are set based on consumer demand, often leading to dynamic pricing models.
Market Price
The current price at which an asset or service can be bought or sold.
- Comprehend pricing strategies based on demand, competition, and cost.
Verified Answer
DA
Denovan Ambraal NovyJun 09, 2024
Final Answer :
A
Explanation :
The definition given matches the demand-based concept of pricing.
Learning Objectives
- Comprehend pricing strategies based on demand, competition, and cost.