Answered

Welcome to Westonci.ca, your one-stop destination for finding answers to all your questions. Join our expert community now! Get quick and reliable solutions to your questions from a community of seasoned experts on our user-friendly platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

Demand-oriented, cost-oriented, profit-oriented, and competition-oriented are four approaches used to set ______.

Sagot :

Tundexi

The 4 approaches to set approximate price level includes Demand-oriented, cost-oriented, profit-oriented, and competition-oriented.

In marketing, the determination of the price of a product or services can take different approach which includes:

  • Demand-oriented: This method attempts to set price at level that intended buyers are willing to pay.

  • Cost-oriented: This method of pricing attempts to set price at the level that will cover the total cost incurred for producing the product.

  • Profit-oriented: This method of pricing attempts to set price at the level that guarantees the company's profitability

  • Competition-oriented: This method of pricing attempts to set price while considering competition of other company

Therefore, the four approaches are used to set approximate price level.

Learn more about this here

brainly.com/question/7452044

Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.