Asked by
Malik Hidouk
on Dec 15, 2024Verified
All of these are demand-oriented approaches to selecting an approximate price level except which?
A) odd-even
B) yield management
C) customary
D) bundle
E) prestige
Demand-oriented
An approach to pricing, production, and marketing that focuses on the demand levels and preferences of consumers.
Approximate Price
An estimated cost given for a product or service, offering a ballpark figure that may not account for detailed specifics or potential changes.
Bundle
A marketing strategy that involves offering several products or services together as a combined package, usually at a lower price than they would cost individually.
- Identify how consumer behavior and market demand affect pricing strategies.
Verified Answer
EP
Learning Objectives
- Identify how consumer behavior and market demand affect pricing strategies.