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Key to Setting a Final Price for a Product Is

Question 13

Multiple Choice

key to setting a final price for a product is finding an approximate price level to use as a reasonable starting point.Four common approaches to selecting an approximate price level are: (1) demand-oriented; (2) cost-oriented; (3) profit-oriented; and (4) __________ approaches.


A) revenue-oriented
B) distribution-oriented
C) stakeholder-oriented
D) competition-oriented
E) cause-oriented

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